O Neil Global Advisors Inc. Takes Position in Roblox Co. (NYSE:RBLX)

O Neil Global Advisors Inc. acquired a new stake in Roblox Co. (NYSE:RBLX) during the fourth quarter, HoldingsChannel reports. The firm acquired 19,362 shares of the company’s stock, valued at approximately $1,120,000. Roblox accounts for 0.3% of O Neil Global Advisors Inc.’s holdings, making the stock its 25th largest position.

Several other hedge funds have also made changes to their positions in the business. Frazier Financial Advisors LLC grew its stake in shares of Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc raised its position in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the last quarter. Huntington National Bank increased its stake in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after acquiring an additional 770 shares during the period. True Wealth Design LLC boosted its holdings in Roblox by 33,875.0% in the 3rd quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after purchasing an additional 1,355 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Performance

Shares of NYSE:RBLX opened at $62.69 on Friday. The firm has a 50 day simple moving average of $63.98 and a 200 day simple moving average of $52.17. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. 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 (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Research analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

RBLX has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. BTIG Research upped their target price on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. CICC Research initiated coverage on Roblox in a research note on Tuesday, January 14th. They set an “outperform” rating on the stock. Benchmark boosted their target price on shares of Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group boosted their price target on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.19.

Insider Transactions at Roblox

In other news, CFO Michael Guthrie sold 100,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $55.92, for a total transaction of $5,592,000.00. Following the completion of the sale, the chief financial officer now owns 331,187 shares in the company, valued at approximately $18,519,977.04. This represents a 23.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 333,334 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the sale, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at approximately $7,409,896.45. This represents a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,055,604 shares of company stock valued at $65,216,044 in the last three months. 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.