WINTON GROUP Ltd Acquires New Position in Roblox Corporation $RBLX

WINTON GROUP Ltd acquired a new stake in Roblox Corporation (NYSE:RBLXFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 35,679 shares of the company’s stock, valued at approximately $2,891,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake in Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after acquiring an additional 105 shares during the period. Horizon Investments LLC raised its stake in Roblox by 2,636.4% in the 3rd quarter. Horizon Investments LLC now owns 301 shares of the company’s stock valued at $42,000 after acquiring an additional 290 shares during the period. Reyes Financial Architecture Inc. raised its stake in Roblox by 164.4% in the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after acquiring an additional 194 shares during the period. Fideuram Asset Management Ireland dac bought a new stake in Roblox in the 4th quarter valued at about $27,000. Finally, Indiana Trust & Investment Management Co bought a new stake in Roblox in the 4th quarter valued at about $32,000. 94.46% of the stock is currently owned by institutional investors.

Roblox Trading Up 0.2%

Shares of RBLX opened at $41.92 on Monday. The business’s 50-day moving average price is $51.24 and its 200-day moving average price is $67.20. Roblox Corporation has a twelve month low of $40.15 and a twelve month high of $150.59. The stock has a market cap of $28.15 billion, a PE ratio of -26.53 and a beta of 1.44. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45.

Roblox (NYSE:RBLXGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the business posted ($0.32) earnings per share. The company’s revenue was up 43.4% on a year-over-year basis. On average, equities analysts forecast that Roblox Corporation will post -1.4 EPS for the current fiscal year.

Roblox declared that its board has authorized a stock buyback program on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 9.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RBLX. Canaccord Genuity Group lowered their price objective on Roblox from $140.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. UBS Group decreased their price target on Roblox from $74.00 to $49.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Roth Mkm set a $65.00 price target on Roblox in a research report on Tuesday, May 5th. Wedbush cut Roblox from a “hold” rating to a “neutral” rating in a research report on Friday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $62.00 price target on shares of Roblox in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $87.07.

View Our Latest Research Report on RBLX

Insider Buying and Selling

In related news, insider Mark Reinstra sold 18,653 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $57.94, for a total value of $1,080,754.82. Following the transaction, the insider directly owned 455,473 shares in the company, valued at approximately $26,390,105.62. This represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Naveen K. Chopra sold 16,863 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total transaction of $763,556.64. Following the completion of the transaction, the chief financial officer owned 380,758 shares in the company, valued at approximately $17,240,722.24. This trade represents a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 183,471 shares of company stock valued at $8,930,068 in the last 90 days. 10.05% of the stock is owned by company insiders.

Roblox Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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