IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 29,823 Shares of Roblox Co. (NYSE:RBLX)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Roblox Co. (NYSE:RBLX) by 142.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,787 shares of the company’s stock after purchasing an additional 29,823 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Roblox were worth $2,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Roblox by 8.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 338,874 shares of the company’s stock worth $20,492,000 after purchasing an additional 26,024 shares during the period. Korea Investment CORP raised its stake in Roblox by 372.6% in the fourth quarter. Korea Investment CORP now owns 312,006 shares of the company’s stock worth $18,053,000 after buying an additional 245,982 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Roblox during the fourth quarter worth $503,000. Vanguard Group Inc. boosted its position in Roblox by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock valued at $3,080,449,000 after acquiring an additional 462,450 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Roblox in the 4th quarter valued at $9,310,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RBLX shares. Needham & Company LLC upped their price objective on Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company increased their price target on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. The Goldman Sachs Group lifted their price objective on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Roth Mkm increased their target price on shares of Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Finally, Macquarie lifted their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

Roblox Stock Performance

RBLX opened at $60.38 on Thursday. The firm has a 50 day moving average of $63.47 and a two-hundred day moving average of $55.27. The firm has a market capitalization of $37.37 billion, a PE ratio of -41.64 and a beta of 1.49. 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.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity

In other Roblox news, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the transaction, the director now owns 6,254,137 shares of the company’s stock, valued at approximately $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00. Following the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 926,466 shares of company stock valued at $60,212,297 in the last quarter. 22.15% of the stock is currently owned by company insiders.

Roblox Company 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.