Roblox Co. (NYSE:RBLX) Position Raised by Fmr LLC

Fmr LLC lifted its position in shares of Roblox Co. (NYSE:RBLX) by 24.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,942,691 shares of the company’s stock after acquiring an additional 4,115,286 shares during the period. Fmr LLC’s holdings in Roblox were worth $926,924,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale grew its position in Roblox by 2.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock worth $2,318,000 after purchasing an additional 1,419 shares during the last quarter. Entropy Technologies LP boosted its position in shares of Roblox by 168.4% during the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after buying an additional 62,521 shares during the period. Dragoneer Investment Group LLC grew its holdings in Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after buying an additional 2,488,044 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in Roblox by 62.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock valued at $1,395,000 after acquiring an additional 14,348 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc raised its stake in Roblox by 23.2% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 447,067 shares of the company’s stock valued at $19,783,000 after acquiring an additional 84,198 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the sale, the chief accounting officer now directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. This represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Manuel Bronstein sold 40,739 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $1,833,255.00. Following the transaction, the insider now directly owns 727,485 shares in the company, valued at $32,736,825. The trade was a 5.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,013,607 shares of company stock valued at $48,434,122. 22.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on RBLX shares. JPMorgan Chase & Co. increased their price target on Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group upped their price target on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Canaccord Genuity Group raised their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Roblox Stock Up 0.6 %

NYSE:RBLX opened at $49.37 on Thursday. The business’s fifty day moving average price is $46.21 and its 200 day moving average price is $41.27. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a market capitalization of $29.99 billion, a price-to-earnings ratio of -30.10 and a beta of 1.56. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm earned ($0.45) earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts forecast that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

About Roblox

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.