Xponance Inc. Increases Stock Position in Roblox Corporation $RBLX

Xponance Inc. raised its position in Roblox Corporation (NYSE:RBLX) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,582 shares of the company’s stock after buying an additional 13,355 shares during the period. Xponance Inc.’s holdings in Roblox were worth $17,396,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC lifted its holdings in Roblox by 17.8% during the third quarter. WPG Advisers LLC now owns 555 shares of the company’s stock worth $77,000 after acquiring an additional 84 shares during the period. Baird Financial Group Inc. increased its position in shares of Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after purchasing an additional 102 shares during the last quarter. Lido Advisors LLC raised its stake in shares of Roblox by 1.3% during the 2nd quarter. Lido Advisors LLC now owns 8,529 shares of the company’s stock worth $897,000 after purchasing an additional 106 shares during the period. QTR Family Wealth LLC boosted its holdings in shares of Roblox by 2.6% in the 3rd quarter. QTR Family Wealth LLC now owns 4,446 shares of the company’s stock worth $616,000 after buying an additional 111 shares during the last quarter. Finally, Perpetual Ltd grew its position in Roblox by 0.6% during the third quarter. Perpetual Ltd now owns 19,043 shares of the company’s stock valued at $2,638,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Trading Down 4.1%

Shares of RBLX opened at $68.46 on Friday. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The stock has a market cap of $45.29 billion, a PE ratio of -44.17 and a beta of 1.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The business’s 50-day moving average price is $73.63 and its 200-day moving average price is $101.70.

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

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the sale, the director owned 261,388 shares in the company, valued at $24,188,845.52. This trade represents a 20.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Baszucki sold 272,269 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total value of $19,783,065.54. Following the completion of the transaction, the chief executive officer owned 811,373 shares of the company’s stock, valued at $58,954,362.18. The trade was a 25.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 769,144 shares of company stock valued at $57,789,280 over the last quarter. Insiders own 12.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RBLX. Jefferies Financial Group set a $85.00 price target on shares of Roblox in a research note on Thursday, January 15th. Benchmark reaffirmed a “hold” rating on shares of Roblox in a research report on Monday, February 2nd. Roth Mkm raised Roblox from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $78.00 to $84.00 in a report on Monday, February 9th. JPMorgan Chase & Co. lowered their price objective on Roblox from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of Roblox in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $119.44.

Roblox Company Profile

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.