Simon Quick Advisors LLC Boosts Stock Holdings in Roblox Co. (NYSE:RBLX)

Simon Quick Advisors LLC grew its position in Roblox Co. (NYSE:RBLX) by 17.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,783 shares of the company’s stock after buying an additional 868 shares during the period. Simon Quick Advisors LLC’s holdings in Roblox were worth $337,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Roblox by 1,294.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 641,913 shares of the company’s stock valued at $37,417,000 after buying an additional 595,895 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Roblox by 5.0% in the 1st quarter. Handelsbanken Fonder AB now owns 130,081 shares of the company’s stock valued at $7,582,000 after buying an additional 6,225 shares in the last quarter. Abacus FCF Advisors LLC boosted its holdings in shares of Roblox by 2.8% in the 1st quarter. Abacus FCF Advisors LLC now owns 35,978 shares of the company’s stock valued at $2,097,000 after buying an additional 979 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Roblox by 89.5% in the 1st quarter. GAMMA Investing LLC now owns 2,274 shares of the company’s stock valued at $133,000 after buying an additional 1,074 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of Roblox by 196.8% in the 1st quarter. Pallas Capital Advisors LLC now owns 62,063 shares of the company’s stock valued at $3,618,000 after buying an additional 41,152 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RBLX. Canaccord Genuity Group raised their price target on shares of Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Piper Sandler restated an “overweight” rating and issued a $105.00 price target (up from $85.00) on shares of Roblox in a report on Thursday, June 5th. Roth Mkm lifted their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. FBN Securities initiated coverage on shares of Roblox in a research note on Friday, March 28th. They issued a “sector perform” rating and a $65.00 target price for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $95.00 target price (up from $82.00) on shares of Roblox in a research note on Friday, May 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.09.

Roblox Stock Performance

RBLX opened at $97.34 on Friday. Roblox Co. has a 12-month low of $34.41 and a 12-month high of $98.15. 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 firm has a market capitalization of $66.02 billion, a PE ratio of -67.13 and a beta of 1.56. The firm has a 50 day moving average of $74.96 and a two-hundred day moving average of $65.93.

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

Insider Activity

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the transaction, the insider now directly owns 364,244 shares of the company’s stock, valued at $21,122,509.56. The trade was a 1.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Baszucki sold 627,453 shares of Roblox stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $96.04, for a total transaction of $60,260,586.12. Following the transaction, the chief executive officer now directly owns 211,559 shares of the company’s stock, valued at approximately $20,318,126.36. This trade represents a 74.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,287,171 shares of company stock valued at $438,237,134 in the last three months. 12.92% of the stock is currently owned by corporate insiders.

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.