Capital International Investors Decreases Holdings in Roblox Corporation $RBLX

Capital International Investors decreased its holdings in Roblox Corporation (NYSE:RBLX) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,768,862 shares of the company’s stock after selling 644,026 shares during the period. Capital International Investors owned 4.55% of Roblox worth $4,124,105,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Roblox by 2.3% during the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after purchasing an additional 231 shares during the period. Sivia Capital Partners LLC increased its position in shares of Roblox by 70.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock valued at $1,368,000 after purchasing an additional 5,363 shares during the last quarter. Atria Investments Inc bought a new position in shares of Roblox during the 2nd quarter valued at approximately $217,000. Prospera Financial Services Inc raised its holdings in Roblox by 7.5% during the 2nd quarter. Prospera Financial Services Inc now owns 10,433 shares of the company’s stock valued at $1,098,000 after buying an additional 725 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Roblox in the second quarter worth $285,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Transactions at Roblox

In related news, Director Anthony P. Lee sold 59,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $79.96, for a total transaction of $4,717,640.00. Following the completion of the transaction, the director owned 257,258 shares in the company, valued at $20,570,349.68. The trade was a 18.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark Reinstra sold 60,000 shares of the 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 sale, the insider directly owned 394,322 shares of the company’s stock, valued at $25,212,948.68. The trade was a 13.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 703,144 shares of company stock worth $51,681,640. 12.92% of the stock is owned by corporate insiders.

Roblox Trading Down 1.6%

NYSE:RBLX opened at $62.52 on Tuesday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50-day simple moving average of $71.71 and a 200-day simple moving average of $99.08. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59. The firm has a market cap of $41.37 billion, a P/E ratio of -40.34 and a beta of 1.62.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the firm earned ($0.33) EPS. The business’s revenue for the quarter was up 122.6% on a year-over-year basis. Equities analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

RBLX has been the topic of several recent analyst reports. Canaccord Genuity Group reduced their target price on shares of Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. TD Cowen restated a “sell” rating on shares of Roblox in a research report on Tuesday, January 27th. Wall Street Zen downgraded Roblox from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $100.00 price objective (down from $125.00) on shares of Roblox in a research report on Friday, February 6th. Finally, DA Davidson initiated coverage on shares of Roblox in a research note on Wednesday, March 4th. They set a “neutral” rating and a $65.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $117.35.

Roblox 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.