Xponance Inc. Boosts Stock Holdings in Roblox Corporation $RBLX

Xponance Inc. lifted its stake in Roblox Corporation (NYSE:RBLX) by 11.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 125,582 shares of the company’s stock after buying an additional 13,355 shares during the period. Xponance Inc.’s holdings in Roblox were worth $17,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Roblox in the second quarter valued at approximately $350,720,000. Vanguard Group Inc. grew its holdings in shares of Roblox by 5.6% in 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 last quarter. Federated Hermes Inc. increased its stake in shares of Roblox by 103.0% in the second quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock worth $341,410,000 after buying an additional 1,646,871 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Roblox by 47.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock valued at $503,718,000 after buying an additional 1,531,380 shares during the period. Finally, 1832 Asset Management L.P. grew its holdings in Roblox by 359.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company’s stock worth $191,295,000 after acquiring an additional 1,422,894 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Trading Down 4.1%

NYSE RBLX opened at $68.46 on Friday. The firm has a market capitalization of $45.29 billion, a PE ratio of -44.17 and a beta of 1.63. The stock’s 50 day moving average is $73.63 and its 200 day moving average is $101.70. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) 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 during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm posted ($0.33) earnings per share. The company’s revenue for the quarter was up 122.6% on a year-over-year basis. Research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RBLX shares. Roth Mkm upgraded shares of Roblox from a “neutral” rating to a “buy” rating and increased their target price for the stock from $78.00 to $84.00 in a report on Monday, February 9th. Jefferies Financial Group set a $85.00 price target on Roblox in a research report on Thursday, January 15th. Canaccord Genuity Group cut their price objective on Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Needham & Company LLC reduced their target price on Roblox from $159.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Citigroup dropped their price target on Roblox from $152.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $119.44.

Insider Buying and Selling at Roblox

In other Roblox news, Director Anthony P. Lee sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total transaction of $577,150.00. Following the completion of the transaction, the director owned 256,768 shares of the company’s stock, valued at approximately $21,170,521.60. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Baszucki sold 10,834 shares of Roblox stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $61.63, for a total transaction of $667,699.42. Following the transaction, the chief executive officer owned 800,539 shares of the company’s stock, valued at $49,337,218.57. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 769,144 shares of company stock valued at $57,789,280 over the last three months. 12.92% of the stock is currently owned by corporate insiders.

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.