AXQ Capital LP Invests in Roblox Co. (NYSE:RBLX)

AXQ Capital LP has acquired a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, based on its latest 13F filing submitted to the SEC. The firm purchased 28,894 shares of Roblox stock, with an estimated value of around $1,672,000. This investment makes Roblox 0.8% of AXQ Capital LP's total holdings, establishing it as the eighth largest holding in their portfolio.

• Opportunity for Investors: Roblox's Recent Price Decline

In addition to AXQ Capital LP, other major investors have also been adjusting their positions in Roblox. Toronto Dominion Bank expanded its holdings in Roblox shares by 34.3% in the third quarter, now possessing 60,092 shares valued at $2,660,000 after acquiring 15,333 additional shares. Furthermore, Smith Group Asset Management LLC dramatically increased its position by 939.6% in the fourth quarter, owning 69,030 shares worth $3,994,000 after buying 62,390 more shares recently. Chicago Partners Investment Group LLC entered a new position with Roblox, estimated at about $363,000 in the fourth quarter. Moreover, Silicon Valley Capital Partners raised its stake in Roblox by a staggering 3,010.0%, now holding 69,104 shares valued at approximately $3,998,000, following an addition of 66,882 shares. Lastly, V Square Quantitative Management LLC increased its position by 320.0%, owning 2,587 shares worth $149,000 after acquiring 1,971 more shares. As it currently stands, 94.46% of Roblox's stock is owned by institutional investors and hedge funds.

Recent Insider Activity

In related news concerning insider trading, CFO Michael Guthrie sold 50,000 shares of Roblox stock on March 4th at an average price of $60.14, totaling around $3,007,000. After this sale, Guthrie owns 395,465 shares of the company valued at about $23,783,265. This transaction represents an 11.22% reduction in his holdings. The details of this transaction have been reported in legal filings with the SEC. Likewise, CEO David Baszucki sold 34,099 shares of Roblox stock on March 17th at an average price of $57.05, amounting to approximately $1,945,347.95. Following this sale, Baszucki holds 221,983 shares valued at $12,664,130.15, reflecting a 13.32% decline in his ownership. In total, corporate insiders have sold 950,466 shares of Roblox, worth around $61,646,297 in the past three months, while insiders own 22.15% of the company's stock.

Roblox Stock Performance

• Price Drop of Roblox: An Opportunity for High Returns

On the day of writing, Roblox's stock opened at $61.21. The company has recorded a one-year low of $29.55 and a one-year high of $75.74. Roblox's market capitalization stands at $37.89 billion, with a price-to-earnings ratio of -42.21 and a beta of 1.49. The company presents a current ratio of 1.02, a quick ratio of 0.98, and a debt-to-equity ratio of 4.82. The stock has established a 50-day simple moving average of $63.54 and a 200-day average of $54.82.

Roblox (NYSE:RBLX - Get Free Report) recently released its quarterly earnings on February 6th, announcing an EPS of ($0.33), surpassing analysts’ expectations of ($0.46) by $0.13. The company is currently operating with a negative net margin of 25.97% and a negative return on equity of 665.98%. Projections by analysts suggest that Roblox Co. is expected to post -1.49 earnings per share for the ongoing year.

Insights from Wall Street Analysts

• Gaming Sector Growth Sparks Stock Investment Opportunities

Various analysts have recently provided insights on Roblox's performance. Barclays has reduced its price target for Roblox shares from $50.00 to $46.00 and assigned an "equal weight" rating. In contrast, Wedbush maintained an "outperform" rating with a target price of $83.00. Morgan Stanley also raised its target price from $65.00 to $75.00, recommending the stock as overweight. Piper Sandler reiterated an "overweight" rating and increased its target price from $65.00 to $72.00. Raymond James maintained a "strong-buy" rating with a target price of $60.00. Summary data suggests that one analyst rated the stock with a sell recommendation, six rated it as hold, seventeen provided a buy rating, and one assigned a strong buy. Currently, the consensus rating for Roblox is "Moderate Buy" with an average price target of $64.19.

Stay Updated with Roblox Stock Analysis

About Roblox Corporation

(Free Report)

Roblox Corporation is engaged in developing and operating an online entertainment platform both domestically and internationally. The company provides Roblox Studio, a free tool for developers to create, publish, and manage 3D experiences, alongside Roblox Client, an application enabling users to explore 3D content, and Roblox Cloud, which supports the services and infrastructure for the platform.

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Are you interested in discovering other hedge funds’ stakes in RBLX? Visit HoldingsChannel.com for the latest updates on 13F filings and insider trades involving Roblox Co. (NYSE:RBLX - Free Report).

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Investing Considerations for Roblox

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