Syon Capital LLC Acquires Shares of 277,462 Roblox Co. (NYSE:RBLX)

Syon Capital LLC purchased a new stake in Roblox Co. (NYSE:RBLX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 277,462 shares of the company’s stock, valued at approximately $12,686,000. Roblox comprises about 1.1% of Syon Capital LLC’s portfolio, making the stock its 17th largest holding.

Other institutional investors have also recently made changes to their positions in the company. New York Life Investment Management LLC raised its position in Roblox by 8.1% in the 3rd quarter. New York Life Investment Management LLC now owns 8,853 shares of the company’s stock worth $256,000 after purchasing an additional 660 shares during the period. Janney Montgomery Scott LLC raised its position in Roblox by 20.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,153 shares of the company’s stock worth $207,000 after purchasing an additional 1,197 shares during the period. Charles Schwab Investment Management Inc. raised its position in Roblox by 27.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,603,169 shares of the company’s stock worth $46,428,000 after purchasing an additional 343,115 shares during the period. DekaBank Deutsche Girozentrale raised its position in Roblox by 12.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 58,930 shares of the company’s stock worth $1,677,000 after purchasing an additional 6,684 shares during the period. Finally, Aviva PLC raised its position in Roblox by 202.5% in the 3rd quarter. Aviva PLC now owns 195,411 shares of the company’s stock worth $5,659,000 after purchasing an additional 130,818 shares during the period. Institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, CFO Michael Guthrie sold 900 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $35.00, for a total value of $31,500.00. Following the sale, the chief financial officer now directly owns 374,633 shares of the company’s stock, valued at approximately $13,112,155. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO David Baszucki sold 166,666 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $35.12, for a total value of $5,853,309.92. Following the transaction, the chief executive officer now directly owns 142,260 shares of the company’s stock, valued at approximately $4,996,171.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Guthrie sold 900 shares of Roblox stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $35.00, for a total transaction of $31,500.00. Following the sale, the chief financial officer now owns 374,633 shares in the company, valued at $13,112,155. The disclosure for this sale can be found here. In the last three months, insiders have sold 459,887 shares of company stock valued at $16,410,887. Insiders own 22.15% of the company’s stock.

Roblox Price Performance

RBLX traded down $0.42 on Friday, reaching $35.10. 5,713,608 shares of the company’s stock were exchanged, compared to its average volume of 5,653,753. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $20.75 billion, a PE ratio of -18.87 and a beta of 1.58. The stock’s fifty day moving average price is $35.28 and its 200-day moving average price is $39.04. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.10. Roblox had a negative net margin of 39.19% and a negative return on equity of 1,110.40%. The firm had revenue of $923.76 million for the quarter, compared to the consensus estimate of $918.85 million. During the same period in the prior year, the firm earned ($0.44) EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Sell-side analysts expect that Roblox Co. will post -1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RBLX shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Roblox from $55.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Roth Capital lowered shares of Roblox from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. Barclays cut their price objective on shares of Roblox from $46.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Wedbush cut their price objective on shares of Roblox from $56.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. raised shares of Roblox from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $41.00 to $48.00 in a report on Tuesday, April 23rd. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.14.

Roblox 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.