Roblox Corporation $RBLX Shares Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management raised its holdings in Roblox Corporation (NYSE:RBLX) by 277.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,924 shares of the company’s stock after buying an additional 84,502 shares during the period. Picton Mahoney Asset Management’s holdings in Roblox were worth $15,917,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RBLX. Vanguard Group Inc. boosted its holdings in Roblox by 5.6% in the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after purchasing an additional 3,284,073 shares during the period. State Street Corp raised its position in 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 purchasing an additional 708,838 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Roblox by 9.1% in the 2nd quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock valued at $1,053,257,000 after buying an additional 834,230 shares during the period. AQR Capital Management LLC grew its position 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 buying an additional 261,984 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Roblox by 9.9% during the second 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. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on RBLX. Wolfe Research set a $100.00 price target on shares of Roblox in a research note on Monday, January 5th. JPMorgan Chase & Co. decreased their price objective on shares of Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Wall Street Zen downgraded shares of Roblox from a “hold” rating to a “sell” rating in a research note on Saturday. BTIG Research restated a “buy” rating and issued a $141.00 price target on shares of Roblox in a research note on Friday, February 6th. Finally, Roth Mkm raised Roblox from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $84.00 in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.44.

Roblox Price Performance

Shares of NYSE:RBLX opened at $66.98 on Wednesday. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The firm has a market capitalization of $44.32 billion, a P/E ratio of -43.21 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. The company’s fifty day moving average price is $73.06 and its 200 day moving average price is $100.57.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) 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 company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the company posted ($0.33) earnings per share. The business’s quarterly revenue was up 122.6% compared to the same quarter last year. As a group, sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity

In other Roblox news, Director Anthony P. Lee sold 59,000 shares of Roblox stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $79.96, for a total transaction of $4,717,640.00. Following the transaction, the director owned 257,258 shares of the company’s stock, valued at $20,570,349.68. The trade was a 18.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Matthew D. Kaufman sold 30,034 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total value of $2,181,970.10. Following the completion of the sale, the insider owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. This represents a 8.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 703,144 shares of company stock worth $51,681,640 over the last ninety days. 12.92% of the stock is 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.