Rafferty Asset Management LLC Boosts Holdings in Roblox Co. (NYSE:RBLX)

Rafferty Asset Management LLC raised its holdings in Roblox Co. (NYSE:RBLX) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,723 shares of the company’s stock after purchasing an additional 3,825 shares during the quarter. Rafferty Asset Management LLC’s holdings in Roblox were worth $1,720,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Smith Group Asset Management LLC boosted its holdings in Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Roblox in the fourth quarter valued at $363,000. Silicon Valley Capital Partners boosted its holdings in Roblox by 3,010.0% in the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after purchasing an additional 66,882 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Roblox by 320.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after purchasing an additional 1,971 shares during the last quarter. Finally, Amundi raised its position in shares of Roblox by 111.4% in the fourth quarter. Amundi now owns 3,191,137 shares of the company’s stock worth $198,010,000 after acquiring an additional 1,681,263 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RBLX. The Goldman Sachs Group increased their target price on shares of Roblox from $63.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 14th. Wedbush reissued an “outperform” rating and set a $83.00 target price on shares of Roblox in a research note on Thursday, April 24th. OTR Global raised shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Moffett Nathanson lowered shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price on the stock. in a research note on Friday, February 7th. Finally, Macquarie increased their target price on shares of Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.68.

Roblox Trading Up 0.5%

RBLX opened at $81.63 on Wednesday. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The company’s 50 day simple moving average is $63.74 and its two-hundred day simple moving average is $61.21. Roblox Co. has a 1-year low of $31.59 and a 1-year high of $82.02. The firm has a market capitalization of $51.43 billion, a price-to-earnings ratio of -56.30 and a beta of 1.46.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted ($0.43) EPS. The business’s revenue was up 30.6% on a year-over-year basis. Analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 16,432 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.39, for a total transaction of $1,008,760.48. Following the completion of the sale, the insider now owns 322,774 shares in the company, valued at $19,815,095.86. This trade represents a 4.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Manuel Bronstein sold 68,722 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $80.00, for a total transaction of $5,497,760.00. Following the sale, the insider now owns 582,454 shares of the company’s stock, valued at $46,596,320. This represents a 10.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,432,954 shares of company stock valued at $167,209,673 in the last ninety days. 22.15% of the stock is currently owned by corporate 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.