Woodline Partners LP Buys 145,607 Shares of Roblox Co. (NYSE:RBLX)

Woodline Partners LP grew its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 666,300 shares of the company's stock after acquiring an additional 145,607 shares during the quarter. Woodline Partners LP owned 0.11% of Roblox worth $38,552,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Two Sigma Advisers LP grew its position in Roblox by 23.7% during the fourth quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company's stock worth $419,867,000 after buying an additional 1,391,800 shares during the period. Two Sigma Investments LP boosted its position in shares of Roblox by 25.7% during the fourth quarter. Two Sigma Investments LP now owns 4,514,666 shares of the company's stock worth $261,219,000 after buying an additional 921,822 shares during the period. Toronto Dominion Bank lifted its holdings in Roblox by 7.3% in the 4th quarter. Toronto Dominion Bank now owns 64,476 shares of the company's stock valued at $3,731,000 after acquiring an additional 4,384 shares during the last quarter. Siemens Fonds Invest GmbH increased its position in shares of Roblox by 87.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 9,904 shares of the company's stock worth $573,000 after acquiring an additional 4,629 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its stake in shares of Roblox by 14.8% during the 4th quarter. Rafferty Asset Management LLC now owns 29,723 shares of the company's stock valued at $1,720,000 after buying an additional 3,825 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 6,391 shares of Roblox stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $80.66, for a total value of $515,498.06. Following the sale, the chief accounting officer now owns 73,931 shares of the company's stock, valued at $5,963,274.46. The trade was a 7.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Manuel Bronstein sold 40,322 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $80.66, for a total value of $3,252,372.52. Following the completion of the transaction, the insider now directly owns 542,132 shares in the company, valued at $43,728,367.12. This trade represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,530,764 shares of company stock worth $176,069,276 in the last ninety days. Company insiders own 22.15% of the company's stock.

Roblox Trading Up 0.6%

Shares of RBLX traded up $0.45 during trading hours on Friday, hitting $82.26. The company had a trading volume of 4,575,730 shares, compared to its average volume of 7,719,476. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The stock's 50 day moving average price is $65.26 and its 200 day moving average price is $61.78. The firm has a market cap of $51.82 billion, a P/E ratio of -56.73 and a beta of 1.46. Roblox Co. has a 52-week low of $31.84 and a 52-week high of $83.04.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Oppenheimer increased their price objective on Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Roth Mkm lifted their target price on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Macquarie raised their price objective on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Citigroup lifted their target price on Roblox from $78.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox currently has an average rating of "Moderate Buy" and an average price target of $68.68.

Roblox 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.