Kera Capital Partners Inc. Takes Position in Roblox Co. (NYSE:RBLX)

Kera Capital Partners Inc. bought a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,730 shares of the company’s stock, valued at approximately $1,026,000.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the last quarter. Impact Partnership Wealth LLC lifted its stake in shares of Roblox by 3.8% in the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after acquiring an additional 245 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. Metis Global Partners LLC grew its stake in Roblox by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after purchasing an additional 288 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in Roblox by 5.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after purchasing an additional 321 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on RBLX shares. CICC Research assumed coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Wedbush reissued an “outperform” rating and issued a $49.00 target price on shares of Roblox in a research report on Friday, October 25th. Needham & Company LLC increased their price target on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their price objective on Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average price target of $57.48.

Insiders Place Their Bets

In related news, CFO Michael Guthrie sold 10,000 shares of Roblox stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $49.44, for a total transaction of $494,400.00. Following the transaction, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at $17,444,607.36. The trade was a 2.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony P. Lee sold 250,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the sale, the director now directly owns 6,254,137 shares of the company’s stock, valued at $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,504,601 shares of company stock worth $81,882,735. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Performance

Shares of NYSE RBLX opened at $65.57 on Friday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $66.51. The company has a market cap of $39.84 billion, a PE ratio of -39.98 and a beta of 1.43. The stock has a 50 day simple moving average of $57.12 and a 200-day simple moving average of $47.56. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

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

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.