Erste Asset Management GmbH Sells 69,553 Shares of Roblox Corporation $RBLX

Erste Asset Management GmbH decreased its position in Roblox Corporation (NYSE:RBLX) by 16.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,484 shares of the company’s stock after selling 69,553 shares during the period. Erste Asset Management GmbH’s holdings in Roblox were worth $49,615,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Roblox in the second quarter worth $350,720,000. Vanguard Group Inc. raised its stake in shares of Roblox by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after buying an additional 3,284,073 shares in the last quarter. Federated Hermes Inc. raised its stake 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 valued at $341,410,000 after buying an additional 1,646,871 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Roblox by 47.0% during 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. Finally, 1832 Asset Management L.P. boosted its position in shares of 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 acquiring an additional 1,422,894 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RBLX shares. Barclays dropped their price target on shares of Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. The Goldman Sachs Group dropped their target price on Roblox from $180.00 to $140.00 and set a “buy” rating for the company in a report on Friday, February 6th. Wolfe Research set a $100.00 target price on Roblox in a research report on Monday, January 5th. Macquarie Infrastructure upped their price target on Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Oppenheimer dropped their price objective on Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given 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, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.44.

Insider Activity

In other Roblox news, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $22,322,656.95. This trade represents a 8.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 10,834 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $61.63, for a total transaction of $667,699.42. Following the completion of the transaction, the chief executive officer directly owned 800,539 shares of the company’s stock, valued at approximately $49,337,218.57. This represents a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 769,144 shares of company stock worth $57,789,280. 12.92% of the stock is currently owned by insiders.

Roblox Trading Up 4.9%

RBLX stock opened at $71.38 on Friday. The business has a fifty day moving average price of $73.90 and a 200 day moving average price of $102.14. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The stock has a market capitalization of $47.23 billion, a price-to-earnings ratio of -46.05 and a beta of 1.63.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) 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 analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the business earned ($0.33) earnings per share. The business’s revenue for the quarter was up 122.6% on a year-over-year basis. Analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

About Roblox

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.