Roblox Corporation $RBLX Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Roblox Corporation (NYSE:RBLX) by 2,674.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,315 shares of the company’s stock after purchasing an additional 205,627 shares during the quarter. Intech Investment Management LLC’s holdings in Roblox were worth $29,548,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RBLX. Benchmark reaffirmed a “hold” rating on shares of Roblox in a research report on Monday, February 2nd. JPMorgan Chase & Co. lowered their target price on Roblox from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Citigroup dropped their target price on Roblox from $152.00 to $119.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Wolfe Research set a $100.00 price target on Roblox in a research report on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft set a $115.00 price target on Roblox in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus target price of $119.44.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 272,269 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the completion of the transaction, the chief executive officer owned 811,373 shares in the company, valued at $58,954,362.18. This represents a 25.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.54, for a total value of $6,107,640.00. Following the completion of the sale, the director owned 261,388 shares in the company, valued at approximately $24,188,845.52. The trade was a 20.16% 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 769,144 shares of company stock valued at $57,789,280. Insiders own 12.92% of the company’s stock.

Roblox Stock Up 1.6%

Shares of RBLX opened at $68.16 on Thursday. The firm has a market cap of $45.10 billion, a P/E ratio of -43.97 and a beta of 1.63. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The stock’s 50 day moving average is $74.15 and its two-hundred day moving average is $102.35. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the company posted ($0.33) EPS. The business’s quarterly revenue was up 122.6% on a year-over-year basis. Analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

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.