Y Intercept Hong Kong Ltd Invests $1.35 Million in Roblox Corporation (NYSE:RBLX)

Y Intercept Hong Kong Ltd acquired a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,075 shares of the company's stock, valued at approximately $1,345,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd boosted its position in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after purchasing an additional 240 shares during the period. Larson Financial Group LLC raised its position in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after buying an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Roblox in the first quarter valued at approximately $39,000. Colonial Trust Co SC bought a new stake in Roblox during the fourth quarter worth about $41,000. Finally, TD Private Client Wealth LLC bought a new stake in Roblox during the first quarter worth about $58,000. 94.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RBLX has been the subject of several research analyst reports. The Goldman Sachs Group boosted their target price on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Roth Mkm increased their target price on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. FBN Securities started coverage on Roblox in a research note on Friday, March 28th. They set a "sector perform" rating and a $65.00 price objective on the stock. Finally, Canaccord Genuity Group lifted their target price on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.95.

Insider Buying and Selling at Roblox

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $103.89, for a total value of $6,856,740.00. Following the completion of the sale, the director owned 284,488 shares in the company, valued at approximately $29,555,458.32. The trade was a 18.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $118.51, for a total value of $711,060.00. Following the completion of the sale, the insider owned 307,223 shares of the company's stock, valued at $36,408,997.73. The trade was a 1.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,651,690 shares of company stock worth $593,440,562. 12.92% of the stock is currently owned by insiders.

Roblox Price Performance

Shares of NYSE RBLX traded up $0.67 during midday trading on Friday, hitting $118.79. 5,550,984 shares of the company's stock were exchanged, compared to its average volume of 8,101,534. Roblox Corporation has a 12-month low of $35.30 and a 12-month high of $127.99. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. The company has a market cap of $80.57 billion, a price-to-earnings ratio of -88.65 and a beta of 1.60. The business's fifty day moving average price is $100.68 and its two-hundred day moving average price is $76.37.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.09. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. Roblox's revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.43) earnings per share. As a group, research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

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.