Syon Capital LLC Takes Position in Roblox Co. (NYSE:RBLX)

Syon Capital LLC bought a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 277,462 shares of the company’s stock, valued at approximately $12,686,000. Roblox makes up about 0.9% of Syon Capital LLC’s portfolio, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Roblox by 29.0% during the third quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after buying an additional 10,025,779 shares in the last quarter. Morgan Stanley boosted its holdings in Roblox by 13.7% during the third quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after buying an additional 4,927,848 shares in the last quarter. ARK Investment Management LLC boosted its holdings in Roblox by 28.5% during the third quarter. ARK Investment Management LLC now owns 11,973,881 shares of the company’s stock worth $346,764,000 after buying an additional 2,655,333 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of Roblox by 158.0% in the third quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock valued at $265,035,000 after purchasing an additional 5,604,995 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Roblox by 20.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,145,602 shares of the company’s stock valued at $235,897,000 after purchasing an additional 1,368,347 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Analyst Ratings Changes

RBLX has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $50.00 price target on shares of Roblox in a report on Tuesday. Wedbush upped their price target on shares of Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $53.00 price target on shares of Roblox in a report on Monday. Barclays raised shares of Roblox from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Finally, BMO Capital Markets boosted their price objective on shares of Roblox from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

Roblox Stock Performance

Shares of RBLX stock traded up $0.48 on Friday, hitting $36.01. The stock had a trading volume of 3,743,376 shares, compared to its average volume of 7,511,385. The stock’s 50 day moving average is $38.67 and its 200-day moving average is $38.96. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. Roblox Co. has a 52-week low of $24.88 and a 52-week high of $47.20.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted ($0.48) EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. On average, sell-side analysts forecast that Roblox Co. will post -2.1 EPS for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, insider Mark Reinstra sold 12,531 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total transaction of $510,638.25. Following the sale, the insider now directly owns 249,779 shares of the company’s stock, valued at $10,178,494.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roblox news, insider Mark Reinstra sold 12,531 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total transaction of $510,638.25. Following the sale, the insider now directly owns 249,779 shares of the company’s stock, valued at $10,178,494.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Baszucki sold 200,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $44.15, for a total transaction of $8,830,000.00. Following the sale, the chief executive officer now directly owns 1 shares in the company, valued at $44.15. The disclosure for this sale can be found here. Insiders have sold 699,374 shares of company stock worth $29,183,298 in the last ninety days. 22.15% of the stock is 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.