Krane Funds Advisors LLC Purchases New Stake in Roblox Co. (NYSE:RBLX)

Krane Funds Advisors LLC acquired a new position in shares of Roblox Co. (NYSE:RBLX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,650 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC lifted its position in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after buying an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC boosted its position in Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. ValueAct Holdings L.P. grew its stake in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock valued at $278,500,000 after buying an additional 4,406,885 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after purchasing an additional 3,507,901 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Trading Down 9.2 %

RBLX stock opened at $52.84 on Monday. The business has a fifty day moving average of $62.42 and a 200-day moving average of $56.00. The company has a market cap of $32.71 billion, a P/E ratio of -36.44 and a beta of 1.49. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating 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, equities research analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. FBN Securities started coverage on Roblox in a research report on Friday, March 28th. They set a “sector perform” rating and a $65.00 target price for the company. Roth Mkm upped their price objective on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. CICC Research began coverage on Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. Piper Sandler reiterated an “overweight” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, Moffett Nathanson cut Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.23.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 138,555 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the sale, the chief executive officer now directly owns 129,301 shares of the company’s stock, valued at approximately $9,260,537.62. This represents a 51.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 947,666 shares of company stock worth $61,513,341. 22.15% of the stock is currently owned by company insiders.

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.