Roblox Co. (NYSE:RBLX) Shares Sold by Polar Capital Holdings Plc

Polar Capital Holdings Plc trimmed its position in Roblox Co. (NYSE:RBLX - Free Report) by 45.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,433 shares of the company's stock after selling 147,695 shares during the period. Polar Capital Holdings Plc's holdings in Roblox were worth $10,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after acquiring an additional 17,312,325 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after acquiring an additional 4,406,885 shares in the last quarter. Durable Capital Partners LP acquired a new stake in shares of Roblox during the 4th quarter valued at about $246,560,000. Finally, Ieq Capital LLC raised its holdings 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.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. The Goldman Sachs Group raised their price objective on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. Piper Sandler reissued an "overweight" rating and set a $72.00 target price (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Finally, Benchmark raised their price target on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $68.68.

Roblox Trading Down 0.1%

RBLX stock traded down $0.11 during midday trading on Monday, hitting $81.16. 7,473,976 shares of the company's stock were exchanged, compared to its average volume of 7,729,986. Roblox Co. has a 1-year low of $31.59 and a 1-year high of $82.02. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a market capitalization of $51.13 billion, a PE ratio of -55.97 and a beta of 1.46. The business has a 50-day simple moving average of $62.73 and a two-hundred day simple moving average of $60.86.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Roblox's revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. On average, sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 16,432 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.39, for a total value of $1,008,760.48. Following the completion of the transaction, the insider now directly owns 322,774 shares of the company's stock, valued at $19,815,095.86. This trade represents a 4.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the sale, the chief accounting officer now directly owns 75,583 shares in the company, valued at approximately $4,636,261.22. The trade was a 5.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,432,954 shares of company stock valued at $167,209,673 over the last ninety days. Insiders own 22.15% of the company's stock.

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.