Polar Capital Holdings Plc Has $10.15 Million Stake in Roblox Co. (NYSE:RBLX)

Polar Capital Holdings Plc decreased its position in shares of Roblox Co. (NYSE:RBLX) by 45.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,433 shares of the company’s stock after selling 147,695 shares during the period. Polar Capital Holdings Plc’s holdings in Roblox were worth $10,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RBLX. MetLife Investment Management LLC raised its holdings in Roblox by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock valued at $1,873,000 after acquiring an additional 161 shares in the last quarter. Rakuten Securities Inc. raised its stake in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after acquiring an additional 195 shares in the last quarter. Simon Quick Advisors LLC lifted its holdings in Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after purchasing an additional 217 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock worth $386,000 after acquiring an additional 245 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Barclays upped their target price on shares of Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Moffett Nathanson cut shares of Roblox from a “neutral” rating to a “sell” rating and set a $34.00 target price for the company. in a research report on Friday, February 7th. Citigroup upped their target price on shares of Roblox from $78.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company boosted their target price on Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.68.

Roblox Stock Up 1.6%

RBLX opened at $80.70 on Friday. 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 stock has a market cap of $50.84 billion, a PE ratio of -55.65 and a beta of 1.46. The stock’s fifty day simple moving average is $62.20 and its 200 day simple moving average is $60.41. Roblox Co. has a 1-year low of $31.59 and a 1-year high of $81.25.

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

Insider Activity

In other news, CAO Amy Marie Rawlings sold 4,468 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the transaction, the chief accounting officer now directly owns 75,583 shares in the company, valued at $4,636,261.22. This trade represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Baszucki sold 45,074 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $74.44, for a total value of $3,355,308.56. Following the transaction, the chief executive officer now owns 875 shares of the company’s stock, valued at $65,135. This trade represents a 98.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,344,632 shares of company stock valued at $160,151,753. 22.15% 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.