Jasper Ridge Partners L.P. Grows Stock Position in Roblox Corporation $RBLX

Jasper Ridge Partners L.P. lifted its stake in shares of Roblox Corporation (NYSE:RBLX) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 744,879 shares of the company’s stock after acquiring an additional 39,207 shares during the quarter. Roblox makes up 2.0% of Jasper Ridge Partners L.P.’s holdings, making the stock its 6th biggest holding. Jasper Ridge Partners L.P. owned about 0.12% of Roblox worth $78,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBLX. ORG Partners LLC acquired a new stake in Roblox during the 2nd quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new position in shares of Roblox in the 2nd quarter worth approximately $34,000. Generali Asset Management SPA SGR bought a new stake in shares of Roblox in the 2nd quarter valued at $40,000. Kiker Wealth Management LLC increased its position in shares of Roblox by 2,646.7% during the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after buying an additional 397 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Roblox during the second quarter worth $44,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RBLX. Macquarie boosted their target price on shares of Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Citigroup lifted their price objective on Roblox from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $159.00 price objective on shares of Roblox in a research note on Friday, October 31st. BMO Capital Markets upped their target price on Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Finally, Wolfe Research raised Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research note on Friday, August 22nd. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.96.

Roblox Price Performance

RBLX stock opened at $94.77 on Thursday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50-day moving average is $111.50 and its 200-day moving average is $114.61. The stock has a market capitalization of $62.06 billion, a PE ratio of -66.27 and a beta of 1.62. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.07. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company’s quarterly revenue was up 70.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.37) earnings per share. Equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the completion of the transaction, the director directly owned 261,388 shares in the company, valued at $24,188,845.52. This trade represents a 20.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 20,867 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the sale, the insider directly owned 239,775 shares of the company’s stock, valued at approximately $23,042,377.50. The trade was a 8.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 382,508 shares of company stock worth $40,838,541 in the last quarter. Insiders own 12.92% of the company’s stock.

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.