FORA Capital LLC Has $9.37 Million Holdings in Roblox Corporation $RBLX

FORA Capital LLC increased its holdings in Roblox Corporation (NYSE:RBLX) by 843.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,017 shares of the company’s stock after purchasing an additional 79,586 shares during the period. Roblox makes up 1.0% of FORA Capital LLC’s investment portfolio, making the stock its 17th biggest holding. FORA Capital LLC’s holdings in Roblox were worth $9,365,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after acquiring an additional 1,513,608 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Roblox by 13.8% in the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after acquiring an additional 2,297,350 shares in the last quarter. State Street Corp lifted its holdings in Roblox by 6.3% in the 2nd quarter. State Street Corp now owns 12,043,269 shares of the company’s stock worth $1,266,952,000 after purchasing an additional 708,838 shares during the last quarter. Geode Capital Management LLC boosted its position in Roblox by 9.1% during the second quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock worth $1,053,257,000 after purchasing an additional 834,230 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Roblox by 3.0% during the second quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock valued at $948,222,000 after purchasing an additional 261,984 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Performance

NYSE:RBLX opened at $88.42 on Friday. The firm’s 50-day moving average is $110.03 and its 200-day moving average is $114.72. The company has a market cap of $57.90 billion, a price-to-earnings ratio of -61.83 and a beta of 1.62. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business earned ($0.37) earnings per share. The firm’s revenue for the quarter was up 70.3% compared to the same quarter last year. Equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the sale, the director directly owned 261,388 shares in the company, valued at approximately $24,188,845.52. The trade was a 20.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Arvind Chakravarthy sold 20,912 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,991,449.76. Following the completion of the transaction, the insider directly owned 181,043 shares of the company’s stock, valued at approximately $17,240,724.89. This trade represents a 10.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 382,508 shares of company stock worth $40,838,541 in the last three months. Company insiders own 12.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Roth Capital reissued a “neutral” rating and issued a $146.00 price target on shares of Roblox in a research report on Friday, October 17th. Wall Street Zen upgraded shares of Roblox from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Bank of America boosted their target price on shares of Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Arete Research set a $116.00 price target on Roblox in a research report on Tuesday, September 9th. Finally, Canaccord Genuity Group set a $160.00 price objective on Roblox in a research note on Thursday, October 30th. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.88.

Roblox 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.