Yarbrough Capital LLC Acquires 53,780 Shares of Roblox Corporation $RBLX

Yarbrough Capital LLC increased its stake in Roblox Corporation (NYSE:RBLX) by 1,514.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,331 shares of the company’s stock after buying an additional 53,780 shares during the period. Yarbrough Capital LLC’s holdings in Roblox were worth $4,646,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pilgrim Partners Asia Pte Ltd bought a new stake in Roblox during the 3rd quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Roblox during the 3rd quarter worth $37,000. Total Investment Management Inc. purchased a new position in shares of Roblox during the second quarter valued at $29,000. Root Financial Partners LLC purchased a new position in shares of Roblox during the third quarter valued at $38,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Roblox by 58.7% in the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after acquiring an additional 105 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Price Performance

NYSE RBLX opened at $52.31 on Monday. The company has a market cap of $34.61 billion, a price-to-earnings ratio of -33.75 and a beta of 1.62. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s fifty day moving average price is $65.21 and its 200 day moving average price is $92.15. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.04. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.33) EPS. As a group, equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on RBLX shares. Wolfe Research set a $100.00 price objective on shares of Roblox in a research note on Monday, January 5th. Canaccord Genuity Group lowered their price target on shares of Roblox from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Roth Mkm raised shares of Roblox from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $84.00 in a report on Monday, February 9th. Morgan Stanley lowered their target price on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and an average target price of $118.88.

Insider Transactions at Roblox

In other news, insider Arvind Chakravarthy sold 40,646 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total value of $2,732,630.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 7,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total transaction of $577,150.00. Following the transaction, the director directly owned 256,768 shares of the company’s stock, valued at approximately $21,170,521.60. This trade represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 636,248 shares of company stock valued at $46,013,542 over the last quarter. Company insiders own 12.92% of the company’s stock.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.