Baillie Gifford & Co. Lowers Stock Position in Roblox Co. (NYSE:RBLX)

Baillie Gifford & Co. cut its stake in shares of Roblox Co. (NYSE:RBLX) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,031,724 shares of the company’s stock after selling 753,139 shares during the quarter. Roblox accounts for approximately 1.2% of Baillie Gifford & Co.’s holdings, making the stock its 21st biggest position. Baillie Gifford & Co.’s holdings in Roblox were worth $1,621,916,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Roblox during the third quarter worth $27,000. Frazier Financial Advisors LLC lifted its holdings in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the period. Huntington National Bank lifted its holdings in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock worth $69,000 after purchasing an additional 271 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RBLX shares. HSBC started coverage on Roblox in a report on Thursday, December 12th. They set a “buy” rating and a $63.00 price target for the company. CICC Research started coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. Raymond James restated a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Wells Fargo & Company boosted their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group boosted their target price on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Insider Activity at Roblox

In other news, CEO David Baszucki sold 6,460 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total transaction of $332,237.80. Following the completion of the transaction, the chief executive officer now owns 129,295 shares of the company’s stock, valued at $6,649,641.85. This represents a 4.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 3,601 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $49.32, for a total transaction of $177,601.32. Following the transaction, the chief accounting officer now directly owns 81,407 shares of the company’s stock, valued at approximately $4,014,993.24. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,120,348 shares of company stock valued at $68,517,456. 22.15% of the stock is owned by insiders.

Roblox Trading Up 1.7 %

Shares of RBLX stock opened at $66.62 on Monday. The firm has a 50-day moving average price of $63.45 and a 200 day moving average price of $51.63. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. As a group, equities research analysts expect that Roblox Co. will post -1.4 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.