Yarbrough Capital LLC Boosts Stake in Roblox Corporation $RBLX

Yarbrough Capital LLC lifted its holdings in shares of Roblox Corporation (NYSE:RBLX) by 1,514.5% in the 4th quarter, HoldingsChannel reports. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RBLX. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Roblox during the third quarter worth $26,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Roblox in the 3rd quarter valued at about $37,000. Total Investment Management Inc. purchased a new position in shares of Roblox in the 2nd quarter valued at about $29,000. Root Financial Partners LLC acquired a new position in shares of Roblox during the third quarter worth about $38,000. Finally, Sunbelt Securities Inc. grew its position in shares of Roblox by 58.7% during the third quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after buying an additional 105 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on RBLX. Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Morgan Stanley lowered their price objective on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on Roblox in a research report on Tuesday, January 20th. Jefferies Financial Group set a $85.00 price target on Roblox in a report on Thursday, January 15th. Finally, Citigroup reduced their price objective on shares of Roblox from $119.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.88.

Roblox Stock Performance

Shares of Roblox stock opened at $52.31 on Monday. The stock has a market capitalization of $34.61 billion, a price-to-earnings ratio of -33.75 and a beta of 1.62. The firm’s fifty day simple moving average is $65.21 and its 200-day simple moving average is $92.15. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share (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 company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the firm posted ($0.33) EPS. Roblox’s revenue for the quarter was up 122.6% on a year-over-year basis. As a group, equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity

In related news, CEO David Baszucki sold 10,834 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $61.63, for a total value of $667,699.42. Following the sale, the chief executive officer directly owned 800,539 shares of the company’s stock, valued at approximately $49,337,218.57. This represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 7,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total transaction of $577,150.00. Following the completion of the sale, the director directly owned 256,768 shares in the company, valued at $21,170,521.60. This trade represents a 2.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 636,248 shares of company stock valued at $46,013,542 in the last quarter. 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.