Tabor Asset Management LP Makes New $1.76 Million Investment in Roblox Corporation $RBLX

Tabor Asset Management LP bought a new stake in Roblox Corporation (NYSE:RBLX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,671 shares of the company’s stock, valued at approximately $1,755,000. Roblox accounts for about 1.1% of Tabor Asset Management LP’s portfolio, making the stock its 29th largest position.

Other large investors have also recently bought and sold shares of the company. BW Gestao de Investimentos Ltda. lifted its stake in shares of Roblox by 75.4% in the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 40,000 shares of the company’s stock valued at $5,541,000 after purchasing an additional 17,200 shares during the period. Capital International Sarl grew its position in shares of Roblox by 2.1% in the third quarter. Capital International Sarl now owns 381,066 shares of the company’s stock valued at $52,785,000 after purchasing an additional 7,991 shares during the period. Capital International Inc. CA boosted its holdings in Roblox by 5.8% in the 3rd quarter. Capital International Inc. CA now owns 203,238 shares of the company’s stock worth $28,153,000 after buying an additional 11,128 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Roblox by 11.9% in the third quarter. Legal & General Group Plc now owns 2,680,271 shares of the company’s stock valued at $371,271,000 after acquiring an additional 285,524 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in Roblox by 277.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 4,557 shares of the company’s stock valued at $631,000 after purchasing an additional 3,349 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

Shares of Roblox stock opened at $62.52 on Tuesday. The firm’s fifty day simple moving average is $71.71 and its 200-day simple moving average is $99.08. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $41.37 billion, a price-to-earnings ratio of -40.34 and a beta of 1.62.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s revenue for the quarter was up 122.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.33) earnings per share. As a group, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 59,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $79.96, for a total transaction of $4,717,640.00. Following the transaction, the director directly owned 257,258 shares in the company, valued at approximately $20,570,349.68. This represents a 18.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Reinstra sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $63.94, for a total value of $3,836,400.00. Following the completion of the transaction, the insider directly owned 394,322 shares of the company’s stock, valued at $25,212,948.68. The trade was a 13.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 703,144 shares of company stock worth $51,681,640. Insiders own 12.92% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several recent research reports. BMO Capital Markets restated an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Citigroup cut their target price on Roblox from $152.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Canaccord Genuity Group lowered their target price on Roblox from $160.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Roth Mkm raised shares of Roblox from a “neutral” rating to a “buy” rating and upped their target price for the stock from $78.00 to $84.00 in a research note on Monday, February 9th. Finally, BTIG Research reiterated a “buy” rating and issued a $141.00 target price on shares of Roblox in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $117.35.

About Roblox

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.