Odyssean LLC increased its stake in Roblox Corporation (NYSE:RBLX – Free Report) by 344.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,038 shares of the company’s stock after acquiring an additional 31,029 shares during the quarter. Odyssean LLC’s holdings in Roblox were worth $2,177,000 at the end of the most recent quarter.
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Several other hedge funds have also modified their holdings of the stock. Capital International Investors increased its position in shares of Roblox by 7.3% in the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after acquiring an additional 2,184,439 shares in the last quarter. Morgan Stanley boosted its position in Roblox by 8.1% during the fourth quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock valued at $1,679,664,000 after purchasing an additional 1,555,549 shares during the last quarter. State Street Corp grew its stake in shares of Roblox by 3.3% in the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock valued at $1,119,216,000 after buying an additional 442,518 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Roblox by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock worth $988,002,000 after purchasing an additional 547,103 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Roblox by 6.3% during the fourth quarter. AQR Capital Management LLC now owns 10,312,837 shares of the company’s stock valued at $832,968,000 after buying an additional 615,299 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on RBLX shares. Raymond James Financial initiated coverage on shares of Roblox in a report on Monday, June 29th. They set a “market perform” rating for the company. Morgan Stanley decreased their price target on shares of Roblox from $62.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. B. Riley Financial cut their price objective on shares of Roblox from $80.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Benchmark cut Roblox from a “hold” rating to a “sell” rating and set a $33.00 target price for the company. in a research report on Friday, July 31st. Finally, TD Cowen reduced their target price on shares of Roblox from $49.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.89.
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