Soros Capital Management LLC Makes New Investment in Roblox Co. (NYSE:RBLX)

Soros Capital Management LLC bought a new position in Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 94,900 shares of the company's stock, valued at approximately $5,491,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Roblox by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock valued at $3,080,449,000 after purchasing an additional 462,450 shares in the last quarter. FMR LLC lifted its position in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of 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 buying an additional 17,312,325 shares during the last quarter. Ieq Capital LLC raised its position in shares of Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after buying an additional 3,507,901 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Roblox by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock valued at $495,564,000 after buying an additional 246,610 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of recent research reports. Moffett Nathanson downgraded Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a research report on Friday, February 7th. Citigroup reiterated a "buy" rating on shares of Roblox in a research report on Wednesday. Barclays cut their price target on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Wedbush reissued an "outperform" rating and issued a $83.00 price objective on shares of Roblox in a research note on Thursday. Finally, Piper Sandler reiterated an "overweight" rating and issued a $72.00 price target (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $64.50.

Roblox Stock Up 1.5 %

Shares of RBLX traded up $0.96 during midday trading on Friday, hitting $66.65. 4,438,329 shares of the company's stock traded hands, compared to its average volume of 7,856,409. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The firm's fifty day moving average is $59.06 and its 200-day moving average is $57.43. 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 $41.89 billion, a price-to-earnings ratio of -45.97 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the transaction, the insider now directly owns 204,261 shares of the company's stock, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Baszucki sold 229,167 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the completion of the sale, the chief executive officer now directly owns 221,983 shares in the company, valued at $11,649,667.84. This trade represents a 50.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 902,954 shares of company stock valued at $55,354,971 over the last ninety days. 22.15% of the stock is currently owned by insiders.

About Roblox

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.