EntryPoint Capital LLC Makes New $503,000 Investment in Roblox Co. (NYSE:RBLX)

EntryPoint Capital LLC purchased a new position in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 8,700 shares of the company’s stock, valued at approximately $503,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Roblox by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock valued at $3,080,449,000 after buying an additional 462,450 shares during the last quarter. FMR LLC increased its holdings in shares of Roblox by 24.5% during the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. Ieq Capital LLC boosted its stake in Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after purchasing an additional 3,507,901 shares in the last quarter. Finally, State Street Corp grew its position in Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after purchasing an additional 240,565 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

Shares of RBLX stock opened at $62.01 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The business’s 50 day moving average is $63.53 and its two-hundred day moving average is $55.24. The company has a market capitalization of $38.38 billion, a P/E ratio of -42.77 and a beta of 1.49.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RBLX shares. CICC Research assumed coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating for the company. The Goldman Sachs Group lifted their price target on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company boosted their price target on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their price objective on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Finally, Wedbush reiterated an “outperform” rating and issued a $83.00 target price on shares of Roblox in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Insider Transactions at Roblox

In other news, CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $60.14, for a total value of $3,007,000.00. Following the sale, the chief financial officer now directly owns 395,465 shares of the company’s stock, valued at $23,783,265.10. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Baszucki sold 34,099 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $57.05, for a total value of $1,945,347.95. Following the sale, the chief executive officer now owns 221,983 shares of the company’s stock, valued at $12,664,130.15. The trade was a 13.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 926,466 shares of company stock valued at $60,212,297 over the last 90 days. Corporate insiders own 22.15% of the company’s stock.

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.