BW Gestao de Investimentos Ltda. Boosts Stock Position in Roblox Corporation $RBLX

BW Gestao de Investimentos Ltda. lifted its stake in shares of Roblox Corporation (NYSE:RBLX) by 75.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the company’s stock after purchasing an additional 17,200 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Roblox were worth $5,541,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital International Sarl raised its stake in shares of Roblox by 2.1% during the 3rd quarter. Capital International Sarl now owns 381,066 shares of the company’s stock worth $52,785,000 after buying an additional 7,991 shares in the last quarter. Capital International Inc. CA raised its position in shares of Roblox by 5.8% during the 3rd quarter. Capital International Inc. CA now owns 203,238 shares of the company’s stock worth $28,153,000 after purchasing an additional 11,128 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Roblox by 11.9% in the third quarter. Legal & General Group Plc now owns 2,680,271 shares of the company’s stock valued at $371,271,000 after acquiring an additional 285,524 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in Roblox by 277.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 4,557 shares of the company’s stock valued at $631,000 after purchasing an additional 3,349 shares during the last quarter. Finally, Vestcor Inc raised its position in shares of Roblox by 56.4% in the third quarter. Vestcor Inc now owns 17,356 shares of the company’s stock valued at $2,404,000 after buying an additional 6,261 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Trading Down 1.6%

Shares of NYSE RBLX opened at $62.52 on Tuesday. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a market cap of $41.37 billion, a price-to-earnings ratio of -40.34 and a beta of 1.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock’s 50 day simple moving average is $71.71 and its 200 day simple moving average is $99.08.

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

Analyst Upgrades and Downgrades

RBLX has been the topic of several recent analyst reports. UBS Group set a $74.00 target price on Roblox in a research report on Friday, February 6th. TD Cowen restated a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. B. Riley Financial assumed coverage on Roblox in a report on Tuesday, December 9th. They issued a “buy” rating and a $125.00 price target for the company. DA Davidson initiated coverage on shares of Roblox in a report on Wednesday, March 4th. They issued a “neutral” rating and a $65.00 price objective on the stock. Finally, Wolfe Research set a $100.00 target price on Roblox in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.35.

Insider Buying and Selling

In other news, insider Matthew D. Kaufman sold 30,034 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total value of $2,181,970.10. Following the completion of the transaction, the insider directly owned 307,263 shares in the company, valued at $22,322,656.95. This trade represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Arvind Chakravarthy sold 40,646 shares of the 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 703,144 shares of company stock valued at $51,681,640. Company insiders own 12.92% of the company’s stock.

About Roblox

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.