Once Capital Management LLC Has $4.57 Million Position in Roblox Co. (NYSE:RBLX)

Once Capital Management LLC grew its stake in Roblox Co. (NYSE:RBLX) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after purchasing an additional 5,700 shares during the period. Roblox comprises approximately 3.3% of Once Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Once Capital Management LLC’s holdings in Roblox were worth $4,572,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in Roblox in the 4th quarter valued at approximately $25,000. Blue Trust Inc. raised its holdings in Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock worth $49,000 after purchasing an additional 912 shares during the last quarter. Allworth Financial LP raised its holdings in Roblox by 90.2% during the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after purchasing an additional 587 shares during the last quarter. Rakuten Securities Inc. bought a new position in Roblox during the 4th quarter worth approximately $58,000. Finally, Lindbrook Capital LLC raised its holdings in Roblox by 74.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,637 shares of the company’s stock worth $75,000 after purchasing an additional 700 shares during the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $26.00 to $46.00 in a report on Thursday, February 8th. BMO Capital Markets raised their price target on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Stifel Nicolaus restated a “buy” rating and set a $53.00 price target on shares of Roblox in a report on Monday, April 22nd. Roth Mkm raised their price target on shares of Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $41.00 to $48.00 in a research note on Tuesday, April 23rd. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

Insiders Place Their Bets

In other Roblox news, insider Mark Reinstra sold 12,531 shares of Roblox 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 transaction, the insider now directly owns 249,779 shares of the company’s stock, valued at approximately $10,178,494.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Gregory Baszucki sold 13,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total transaction of $456,040.00. Following the completion of the transaction, the director now owns 9,747,603 shares in the company, valued at $341,945,913.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark Reinstra sold 12,531 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total transaction of $510,638.25. Following the transaction, the insider now owns 249,779 shares of the company’s stock, valued at approximately $10,178,494.25. The disclosure for this sale can be found here. Insiders have sold 712,374 shares of company stock valued at $29,639,338 in the last three months. 22.15% of the stock is currently owned by insiders.

Roblox Stock Up 1.4 %

NYSE RBLX traded up $0.48 during mid-day trading on Friday, hitting $36.01. The company’s stock had a trading volume of 3,746,578 shares, compared to its average volume of 6,069,188. The company’s 50 day simple moving average is $38.53 and its 200 day simple moving average is $39.06. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The firm has a market capitalization of $21.28 billion, a price-to-earnings ratio of -19.26 and a beta of 1.63.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.48) EPS. Analysts anticipate that Roblox Co. will post -2.09 earnings per share for the current year.

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.