Vinva Investment Management Ltd Makes New Investment in Roblox Co. (NYSE:RBLX)

Vinva Investment Management Ltd bought a new position in Roblox Co. (NYSE:RBLX) in the third quarter, HoldingsChannel.com reports. The fund bought 5,537 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors also recently modified their holdings of RBLX. FMR LLC lifted its stake in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares during the period. Dragoneer Investment Group LLC lifted its position in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the period. Greenvale Capital LLP bought a new position in shares of Roblox in the 2nd quarter valued at about $89,304,000. Marshall Wace LLP acquired a new stake in shares of Roblox during the 2nd quarter worth approximately $87,543,000. Finally, ARK Investment Management LLC raised its stake in shares of Roblox by 12.9% during the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock worth $496,338,000 after buying an additional 1,519,591 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Anthony P. Lee sold 200,000 shares of Roblox stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $50.33, for a total transaction of $10,066,000.00. Following the completion of the sale, the director now directly owns 4,707,579 shares of the company’s stock, valued at approximately $236,932,451.07. The trade was a 4.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Arvind Chakravarthy sold 14,269 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total transaction of $705,316.67. Following the transaction, the insider now directly owns 244,803 shares in the company, valued at approximately $12,100,612.29. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,013,607 shares of company stock worth $48,434,122. Insiders own 22.15% of the company’s stock.

Roblox Stock Performance

Roblox stock opened at $50.13 on Friday. The company has a market capitalization of $30.46 billion, a P/E ratio of -30.57 and a beta of 1.56. The business has a 50 day moving average of $46.35 and a 200-day moving average of $41.53. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $55.10.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned ($0.45) EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities research analysts predict that Roblox Co. will post -1.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Needham & Company LLC raised their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James reaffirmed a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. Macquarie increased their target price on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group boosted their price target on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

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.