Quantbot Technologies LP Has $4.86 Million Stake in Roblox Corporation $RBLX

Quantbot Technologies LP reduced its holdings in shares of Roblox Corporation (NYSE:RBLX) by 73.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,069 shares of the company’s stock after selling 98,327 shares during the quarter. Quantbot Technologies LP’s holdings in Roblox were worth $4,858,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RBLX. Vanguard Group Inc. boosted its position in Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock worth $8,648,911,000 after purchasing an additional 3,284,073 shares during the period. State Street Corp raised its position in shares of Roblox by 6.3% in the second quarter. State Street Corp now owns 12,043,269 shares of the company’s stock valued at $1,266,952,000 after purchasing an additional 708,838 shares during the period. Geode Capital Management LLC lifted its stake in shares of Roblox by 9.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock worth $1,053,257,000 after buying an additional 834,230 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Roblox by 3.0% during the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock worth $948,222,000 after buying an additional 261,984 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Roblox by 9.9% during the 2nd quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock worth $667,457,000 after buying an additional 570,018 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roblox

In related news, insider Matthew D. Kaufman sold 30,034 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the sale, the insider owned 307,263 shares in the company, valued at approximately $22,322,656.95. This trade represents a 8.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Reinstra sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the transaction, the insider owned 394,322 shares of the company’s stock, valued at approximately $25,212,948.68. This represents a 13.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 703,144 shares of company stock worth $51,681,640. Corporate insiders own 12.92% of the company’s stock.

Roblox Price Performance

Shares of NYSE RBLX opened at $68.46 on Monday. The business has a fifty day moving average price of $73.63 and a two-hundred day moving average price of $101.33. The stock has a market capitalization of $45.29 billion, a PE ratio of -44.17 and a beta of 1.62. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the business earned ($0.33) earnings per share. Roblox’s revenue was up 122.6% on a year-over-year basis. As a group, equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

RBLX has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on shares of Roblox from $180.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Macquarie Infrastructure increased their target price on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Morgan Stanley dropped their price target on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Jefferies Financial Group set a $85.00 price objective on Roblox in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. dropped their target price on Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.44.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.