Roblox Corporation $RBLX Position Increased by Strs Ohio

Strs Ohio increased its stake in shares of Roblox Corporation (NYSE:RBLX) by 122.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,409 shares of the company’s stock after buying an additional 131,265 shares during the quarter. Strs Ohio’s holdings in Roblox were worth $33,024,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Roblox in the second quarter valued at $350,720,000. Federated Hermes Inc. increased its holdings in shares of Roblox by 103.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock worth $341,410,000 after acquiring an additional 1,646,871 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Roblox by 47.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock worth $503,718,000 after acquiring an additional 1,531,380 shares during the period. Vanguard Group Inc. lifted its position in Roblox by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after purchasing an additional 1,513,608 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Roblox by 359.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company’s stock valued at $191,295,000 after purchasing an additional 1,422,894 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Anthony P. Lee sold 7,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $21,170,521.60. This trade represents a 2.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 66,896 shares of Roblox stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $76.48, for a total transaction of $5,116,206.08. The SEC filing for this sale provides additional information. Insiders sold 504,300 shares of company stock worth $46,290,436 in the last ninety days. Insiders own 12.92% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several recent analyst reports. UBS Group set a $155.00 target price on shares of Roblox in a research report on Tuesday, January 13th. Piper Sandler set a $130.00 price objective on Roblox in a report on Friday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $159.00 target price on shares of Roblox in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft set a $115.00 target price on Roblox in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a research note on Monday, December 29th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.23.

Roblox Stock Down 0.7%

Shares of RBLX stock opened at $74.18 on Friday. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59. The stock has a market cap of $48.58 billion, a PE ratio of -51.87 and a beta of 1.64. The business’s fifty day moving average is $86.35 and its 200-day moving average is $111.02. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96.

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

Roblox Company 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.