Roblox Corporation $RBLX is AQR Capital Management LLC’s 7th Largest Position

AQR Capital Management LLC increased its stake in Roblox Corporation (NYSE:RBLX) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,032,411 shares of the company’s stock after purchasing an additional 261,984 shares during the quarter. Roblox makes up approximately 0.8% of AQR Capital Management LLC’s portfolio, making the stock its 7th biggest holding. AQR Capital Management LLC’s holdings in Roblox were worth $948,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RBLX. Townsquare Capital LLC raised its stake in shares of Roblox by 46.8% in the first quarter. Townsquare Capital LLC now owns 16,917 shares of the company’s stock valued at $986,000 after buying an additional 5,394 shares during the period. Invesco Ltd. increased its holdings in Roblox by 5.6% in the 1st quarter. Invesco Ltd. now owns 1,698,813 shares of the company’s stock worth $99,024,000 after acquiring an additional 90,788 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in Roblox by 7.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 146,152 shares of the company’s stock valued at $8,535,000 after acquiring an additional 10,338 shares during the period. Prudential PLC lifted its holdings in Roblox by 104.2% during the first quarter. Prudential PLC now owns 9,796 shares of the company’s stock valued at $571,000 after purchasing an additional 4,999 shares during the last quarter. Finally, Fox Run Management L.L.C. lifted its holdings in Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock valued at $709,000 after purchasing an additional 4,390 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RBLX. Roth Capital reiterated a “neutral” rating and issued a $146.00 target price on shares of Roblox in a research note on Friday, October 17th. UBS Group set a $99.00 price objective on shares of Roblox in a research note on Tuesday. Oppenheimer restated an “outperform” rating and set a $150.00 target price on shares of Roblox in a research report on Friday, October 31st. The Goldman Sachs Group upgraded Roblox from a “neutral” rating to a “buy” rating and lifted their price target for the company from $155.00 to $180.00 in a research report on Friday, October 31st. Finally, BMO Capital Markets increased their price objective on Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.88.

Insider Activity

In other news, insider Matthew D. Kaufman sold 20,867 shares of Roblox stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Naveen K. Chopra sold 19,424 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total transaction of $1,849,747.52. Following the completion of the transaction, the chief financial officer owned 337,036 shares of the company’s stock, valued at $32,095,938.28. This trade represents a 5.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 382,508 shares of company stock worth $40,838,541. Corporate insiders own 12.92% of the company’s stock.

Roblox Stock Performance

Shares of RBLX opened at $88.42 on Friday. The company has a market cap of $57.90 billion, a PE ratio of -61.83 and a beta of 1.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. The stock has a 50-day moving average price of $110.03 and a 200-day moving average price of $114.51. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59.

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