3,551 Shares in Roblox Co. (NYSE:RBLX) Bought by Yarbrough Capital LLC

Yarbrough Capital LLC purchased a new stake in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,551 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also recently bought and sold shares of RBLX. Toronto Dominion Bank lifted its stake in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after purchasing an additional 15,333 shares during the period. Entropy Technologies LP increased its holdings in Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after purchasing an additional 62,521 shares in the last quarter. Dragoneer Investment Group LLC lifted its stake in Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Roblox by 12,971.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock worth $2,302,000 after buying an additional 51,626 shares in the last quarter. Finally, State Street Corp grew its position in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after buying an additional 240,565 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Price Performance

Shares of Roblox stock opened at $65.45 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $66.51. The stock’s 50-day simple moving average is $56.61 and its 200 day simple moving average is $47.23.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.45) earnings per share. On average, equities research analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of research reports. HSBC assumed coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 target price on the stock. CICC Research started coverage on Roblox in a report on Tuesday. They issued an “outperform” rating on the stock. Wells Fargo & Company upped their price objective on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC lifted their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BTIG Research lifted their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.48.

Insider Transactions at Roblox

In related news, insider Mark Reinstra sold 24,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the sale, the insider now owns 278,161 shares of the company’s stock, valued at approximately $16,620,119.75. This represents a 7.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Manuel Bronstein sold 44,888 shares of Roblox stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total value of $2,693,728.88. Following the transaction, the insider now directly owns 573,266 shares of the company’s stock, valued at $34,401,692.66. The trade was a 7.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,254,601 shares of company stock valued at $65,622,735 over the last three months. Company insiders own 22.15% of the company’s stock.

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.