Marshall Wace LLP Lowers Stock Holdings in Roblox Corporation $RBLX

Marshall Wace LLP decreased its position in shares of Roblox Corporation (NYSE:RBLX) by 20.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,319,897 shares of the company’s stock after selling 1,390,940 shares during the period. Roblox comprises 0.6% of Marshall Wace LLP’s investment portfolio, making the stock its 14th biggest position. Marshall Wace LLP owned approximately 0.82% of Roblox worth $559,653,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RBLX. Avantax Advisory Services Inc. boosted its stake in shares of Roblox by 9.9% in the first quarter. Avantax Advisory Services Inc. now owns 7,048 shares of the company’s stock valued at $411,000 after purchasing an additional 633 shares during the period. Cetera Investment Advisers lifted its holdings in Roblox by 10.7% during the 1st quarter. Cetera Investment Advisers now owns 34,183 shares of the company’s stock worth $1,993,000 after buying an additional 3,296 shares in the last quarter. Commerce Bank boosted its position in Roblox by 2.7% in the 1st quarter. Commerce Bank now owns 7,257 shares of the company’s stock valued at $423,000 after buying an additional 191 shares during the period. Bank of Nova Scotia grew its stake in shares of Roblox by 2.6% in the first quarter. Bank of Nova Scotia now owns 21,300 shares of the company’s stock worth $1,242,000 after acquiring an additional 533 shares in the last quarter. Finally, Blair William & Co. IL increased its position in shares of Roblox by 15.8% during the first quarter. Blair William & Co. IL now owns 11,169 shares of the company’s stock worth $651,000 after acquiring an additional 1,527 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Trading Up 3.3%

NYSE RBLX opened at $95.17 on Friday. The firm’s fifty day moving average price is $114.74 and its 200 day moving average price is $113.95. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The company has a market capitalization of $62.32 billion, a price-to-earnings ratio of -66.55 and a beta of 1.62.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business’s revenue was up 70.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.37) EPS. On average, sell-side analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 66,896 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $104.53, for a total value of $6,992,638.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arvind Chakravarthy sold 20,912 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,991,449.76. Following the sale, the insider directly owned 181,043 shares of the company’s stock, valued at $17,240,724.89. The trade was a 10.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 382,508 shares of company stock worth $40,838,541. Corporate insiders own 12.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RBLX. Morgan Stanley set a $170.00 target price on Roblox and gave the company an “overweight” rating in a report on Monday, October 13th. Bank of America lifted their price objective on Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Canaccord Genuity Group set a $160.00 target price on shares of Roblox in a research note on Thursday, October 30th. UBS Group started coverage on shares of Roblox in a research note on Wednesday. They issued a “neutral” rating and a $103.00 price target for the company. Finally, Roth Capital reissued a “neutral” rating and issued a $146.00 price objective on shares of Roblox in a research report on Friday, October 17th. Nineteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.78.

Roblox Company Profile

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.