Roblox Corporation $RBLX Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in Roblox Corporation (NYSE:RBLX) by 2,674.6% in the 3rd quarter, Holdings Channel reports. The firm owned 213,315 shares of the company’s stock after acquiring an additional 205,627 shares during the quarter. Intech Investment Management LLC’s holdings in Roblox were worth $29,548,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RBLX. Vanguard Group Inc. grew its holdings in shares of Roblox by 5.6% during the third 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 in the last quarter. State Street Corp boosted its position in Roblox by 6.3% during the second quarter. State Street Corp now owns 12,043,269 shares of the company’s stock worth $1,266,952,000 after acquiring an additional 708,838 shares during the last quarter. Geode Capital Management LLC grew its stake in Roblox by 9.1% during 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 acquiring an additional 834,230 shares in the last quarter. AQR Capital Management LLC grew its stake in Roblox by 3.0% during the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock valued at $948,222,000 after acquiring an additional 261,984 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Roblox by 9.9% in the 2nd quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock valued at $667,457,000 after acquiring an additional 570,018 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other news, insider Arvind Chakravarthy sold 40,646 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total value of $2,732,630.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David Baszucki sold 10,834 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $61.63, for a total transaction of $667,699.42. Following the transaction, the chief executive officer directly owned 800,539 shares of the company’s stock, valued at $49,337,218.57. The trade was a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 769,144 shares of company stock worth $57,789,280. Insiders own 12.92% of the company’s stock.

Roblox Price Performance

NYSE:RBLX opened at $68.16 on Thursday. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The stock’s fifty day moving average is $74.15 and its two-hundred day moving average is $102.35. The company has a market capitalization of $45.10 billion, a P/E ratio of -43.97 and a beta of 1.63. 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 issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s quarterly revenue was up 122.6% on a year-over-year basis. During the same period last year, the company earned ($0.33) EPS. Equities analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Analyst Ratings Changes

RBLX has been the topic of several recent research reports. Roth Mkm upgraded Roblox from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $84.00 in a report on Monday, February 9th. Morgan Stanley reduced their price objective on Roblox from $155.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Freedom Capital upgraded Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Roblox in a research note on Monday, February 2nd. Finally, Barclays reduced their price target on Roblox from $130.00 to $115.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. One equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.44.

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.