Syon Capital LLC Purchases Shares of 277,462 Roblox Co. (NYSE:RBLX)

Syon Capital LLC purchased a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, HoldingsChannel reports. The fund purchased 277,462 shares of the company’s stock, valued at approximately $12,686,000. Roblox comprises approximately 0.9% of Syon Capital LLC’s portfolio, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Roblox by 29.0% during the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock worth $1,291,414,000 after acquiring an additional 10,025,779 shares during the last quarter. Ieq Capital LLC grew its position in Roblox by 158.0% during the 3rd quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock worth $265,035,000 after acquiring an additional 5,604,995 shares during the last quarter. Morgan Stanley grew its position in Roblox by 13.7% during the 3rd quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock worth $1,187,769,000 after acquiring an additional 4,927,848 shares during the last quarter. ARK Investment Management LLC grew its position in Roblox by 28.5% during the 3rd quarter. ARK Investment Management LLC now owns 11,973,881 shares of the company’s stock worth $346,764,000 after acquiring an additional 2,655,333 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in Roblox by 123.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,267,763 shares of the company’s stock worth $94,634,000 after acquiring an additional 1,805,567 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling

In related news, CEO David Baszucki sold 200,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00. Following the transaction, the chief executive officer now owns 1 shares in the company, valued at approximately $44.15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Roblox news, insider Mark Reinstra sold 4,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $36.69, for a total value of $146,760.00. Following the completion of the transaction, the insider now owns 359,453 shares of the company’s stock, valued at approximately $13,188,330.57. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Baszucki sold 200,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $44.15, for a total value of $8,830,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1 shares of the company’s stock, valued at approximately $44.15. The disclosure for this sale can be found here. Insiders have sold a total of 699,374 shares of company stock worth $29,183,298 in the last quarter. Corporate insiders own 22.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RBLX. Roth Mkm lifted their price objective on Roblox from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Wedbush lifted their price objective on Roblox from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. upgraded Roblox from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $48.00 in a research report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price objective on shares of Roblox in a research report on Monday. Finally, The Goldman Sachs Group upgraded Roblox from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $48.00 in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.60.

Roblox Price Performance

Roblox stock traded up $0.48 during mid-day trading on Friday, reaching $36.01. The stock had a trading volume of 3,743,376 shares, compared to its average volume of 7,511,385. The company has a 50-day moving average price of $38.67 and a two-hundred day moving average price of $38.96. Roblox Co. has a one year low of $24.88 and a one year high of $47.20. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. Roblox’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.48) EPS. As a group, equities analysts anticipate that Roblox Co. will post -2.1 EPS for the current 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.