Polymer Capital Management HK LTD Acquires Shares of 4,500 Roblox Co. (NYSE:RBLX)

Polymer Capital Management HK LTD bought a new position in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,500 shares of the company’s stock, valued at approximately $260,000.

A number of other large investors have also modified their holdings of the stock. Versant Capital Management Inc lifted its position in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares in the last quarter. Rakuten Securities Inc. boosted its position in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after buying an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after acquiring an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after acquiring an additional 271 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Trading Down 9.2 %

Shares of RBLX stock opened at $52.84 on Monday. The firm has a market capitalization of $32.71 billion, a PE ratio of -36.44 and a beta of 1.49. 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 Co. has a 1 year low of $29.55 and a 1 year high of $75.74. The stock has a fifty day moving average of $62.42 and a two-hundred day moving average of $56.00.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate 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, 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 weighed in on the company. The Goldman Sachs Group raised their price objective on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Wedbush restated an “outperform” rating and issued a $83.00 price target on shares of Roblox in a research note on Friday, February 7th. CICC Research started coverage on shares of Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating on the stock. Needham & Company LLC boosted their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Roth Mkm increased their price target on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.23.

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 50,000 shares of Roblox stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the transaction, the insider now directly owns 281,161 shares of the company’s stock, valued at $18,269,841.78. The trade was a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony P. Lee sold 21,200 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the completion of the sale, the director now owns 6,589,757 shares in the company, valued at approximately $404,413,387.09. This trade represents a 0.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 947,666 shares of company stock worth $61,513,341 over the last quarter. 22.15% of the stock is currently owned by company insiders.

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.