News Snapshot:
NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd purchased a new position in Roblox Co. (NYSE:RBLX) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 689,700 shares of the company’s stock, valued at approximately $62,060,000. Roblox accounts for about 52.7% of NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd’s investment portfolio, making the stock its largest holding. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meritech Capital Associates V L.L.C. purchased a new stake in shares of Roblox during the first quarter valued at $2,969,168,000. Price T...
