Metis Global Partners LLC Raises Stake in Roblox Co. (NYSE:RBLX)

Metis Global Partners LLC raised its position in Roblox Co. (NYSE:RBLX) by 9.4% during the fourth quarter, HoldingsChannel reports. The firm owned 6,567 shares of the company’s stock after buying an additional 564 shares during the quarter. Metis Global Partners LLC’s holdings in Roblox were worth $380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in Roblox by 94.4% during the third quarter. Janney Montgomery Scott LLC now owns 18,404 shares of the company’s stock worth $815,000 after purchasing an additional 8,939 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Roblox by 724.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 804,488 shares of the company’s stock valued at $35,607,000 after acquiring an additional 706,939 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Roblox by 8.4% in the third quarter. Gulf International Bank UK Ltd now owns 37,686 shares of the company’s stock valued at $1,667,000 after acquiring an additional 2,932 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Roblox by 308.2% during the third quarter. Principal Financial Group Inc. now owns 181,808 shares of the company’s stock worth $8,047,000 after purchasing an additional 137,267 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Roblox during the third quarter worth about $100,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RBLX shares. Raymond James reissued a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Citigroup increased their price objective on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Morgan Stanley increased their price target on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Wedbush restated an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the sale, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at approximately $4,909,320. This represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Manuel Bronstein sold 44,888 shares of Roblox stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $60.01, for a total transaction of $2,693,728.88. Following the transaction, the insider now owns 573,266 shares of the company’s stock, valued at approximately $34,401,692.66. The trade was a 7.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 911,255 shares of company stock valued at $59,387,678 in the last quarter. 22.15% of the stock is currently owned by corporate insiders.

Roblox Price Performance

Roblox stock opened at $63.35 on Thursday. The company has a market cap of $39.22 billion, a P/E ratio of -43.69 and a beta of 1.46. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The business has a fifty day moving average of $64.31 and a two-hundred day moving average of $53.75. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

About Roblox

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.