Marshall Wace LLP Reduces Holdings in Roblox Corporation $RBLX

Marshall Wace LLP trimmed its stake in Roblox Corporation (NYSE:RBLX) by 20.7% in the second quarter, HoldingsChannel.com reports. The fund owned 5,319,897 shares of the company’s stock after selling 1,390,940 shares during the quarter. Roblox comprises approximately 0.6% of Marshall Wace LLP’s portfolio, making the stock its 14th biggest position. Marshall Wace LLP’s holdings in Roblox were worth $559,653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBLX. Vanguard Group Inc. boosted its position in Roblox by 2.6% during the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after acquiring an additional 1,513,608 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of Roblox by 13.8% during the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock worth $1,101,097,000 after purchasing an additional 2,297,350 shares during the last quarter. Geode Capital Management LLC grew its position 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 valued at $1,053,257,000 after purchasing an additional 834,230 shares during the period. AQR Capital Management LLC increased its stake in Roblox by 217.4% in the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after purchasing an additional 6,007,322 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 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.

Roblox Price Performance

RBLX stock opened at $95.17 on Friday. The stock’s 50 day moving average is $114.74 and its two-hundred day moving average is $113.95. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The company has a market capitalization of $62.32 billion, a PE ratio of -66.55 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.07. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm’s revenue for the quarter was up 70.3% compared to the same quarter last year. During the same period last year, the business earned ($0.37) EPS. Analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RBLX has been the topic of several recent analyst reports. Roth Capital reiterated a “neutral” rating and set a $146.00 price objective on shares of Roblox in a report on Friday, October 17th. BMO Capital Markets lifted their price target on shares of Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Wolfe Research raised shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research note on Friday, August 22nd. Wall Street Zen upgraded Roblox from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Wedbush restated an “outperform” rating and set a $165.00 price target on shares of Roblox in a research note on Thursday, September 4th. Nineteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $135.78.

Insider Transactions at Roblox

In related news, insider Matthew D. Kaufman sold 20,867 shares of Roblox stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $96.10, for a total value of $2,005,318.70. Following the sale, the insider directly owned 239,775 shares in the company, valued at $23,042,377.50. This trade represents a 8.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Naveen K. Chopra sold 19,424 shares of Roblox stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $95.23, for a total value of $1,849,747.52. Following the sale, the chief financial officer directly owned 337,036 shares in the company, valued at approximately $32,095,938.28. This trade represents a 5.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 382,508 shares of company stock valued at $40,838,541 over the last ninety days. Insiders own 12.92% of the company’s stock.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.