Two Sigma Investments LP Increases Stake in Roblox Co. (NYSE:RBLX)

Two Sigma Investments LP increased its position in Roblox Co. (NYSE:RBLX - Free Report) by 25.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,514,666 shares of the company's stock after acquiring an additional 921,822 shares during the quarter. Roblox comprises 0.6% of Two Sigma Investments LP's investment portfolio, making the stock its 11th largest holding. Two Sigma Investments LP owned approximately 0.74% of Roblox worth $261,219,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares during the period. Wealthfront Advisers LLC boosted its stake in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after purchasing an additional 4,406,885 shares during the period. Durable Capital Partners LP bought a new position in Roblox in the 4th quarter worth about $246,560,000. Finally, Ieq Capital LLC boosted its stake in Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after purchasing an additional 3,507,901 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Stock Performance

Shares of RBLX stock opened at $81.21 on Monday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a fifty-two week low of $31.59 and a fifty-two week high of $82.02. The stock has a 50 day moving average price of $62.73 and a two-hundred day moving average price of $60.86. The company has a market capitalization of $51.16 billion, a P/E ratio of -56.00 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted ($0.43) earnings per share. The business's revenue was up 30.6% on a year-over-year basis. Analysts expect that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity

In other news, Director Anthony P. Lee sold 13,600 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $79.45, for a total transaction of $1,080,520.00. Following the transaction, the director now directly owns 294,708 shares of the company's stock, valued at approximately $23,414,550.60. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 4,468 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the transaction, the chief accounting officer now directly owns 75,583 shares in the company, valued at $4,636,261.22. This trade represents a 5.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,358,232 shares of company stock valued at $161,232,273. Company insiders own 22.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on RBLX. Citigroup raised their target price on Roblox from $78.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Wedbush reiterated an "outperform" rating and set a $83.00 price target on shares of Roblox in a research report on Thursday, April 24th. The Goldman Sachs Group lifted their price target on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. BMO Capital Markets reiterated an "outperform" rating on shares of Roblox in a research report on Friday, May 2nd. Finally, Piper Sandler reiterated an "overweight" rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and an average target price of $68.68.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.

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