Everence Capital Management Inc. Purchases Shares of 16,030 Roblox Co. (NYSE:RBLX)

Everence Capital Management Inc. acquired a new position in shares of Roblox Co. (NYSE:RBLX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,030 shares of the company’s stock, valued at approximately $927,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Toronto Dominion Bank boosted its position in Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after acquiring an additional 15,333 shares during the last quarter. Entropy Technologies LP lifted its stake in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after purchasing an additional 62,521 shares during the period. Dragoneer Investment Group LLC boosted its position in shares of Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Roblox by 12,971.4% during the third quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock worth $2,302,000 after purchasing an additional 51,626 shares during the period. Finally, State Street Corp increased its holdings in Roblox by 2.3% in the third 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 in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roblox

In other Roblox news, insider Manuel Bronstein sold 37,846 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.03, for a total transaction of $1,969,127.38. Following the sale, the insider now directly owns 674,259 shares of the company’s stock, valued at $35,081,695.77. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the completion of the transaction, the chief financial officer now owns 352,844 shares of the company’s stock, valued at $14,643,026. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,284,601 shares of company stock worth $66,867,735. Insiders own 22.15% of the company’s stock.

Roblox Trading Up 2.8 %

Shares of Roblox stock opened at $60.47 on Friday. The stock has a fifty day moving average price of $54.39 and a 200-day moving average price of $45.79. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $36.74 billion, a PE ratio of -36.87 and a beta of 1.50. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $61.77.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted ($0.45) earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. HSBC began coverage on shares of Roblox in a research report on Thursday, December 12th. They set a “buy” rating and a $63.00 price objective for the company. Needham & Company LLC raised their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Macquarie upped their price objective on shares of Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Morgan Stanley upgraded Roblox from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $65.00 in a research note on Monday, November 4th. Finally, Canaccord Genuity Group upped their price target on Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Roblox currently has an average rating of “Moderate Buy” and a consensus price target of $55.67.

About Roblox

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.