BNP Paribas Financial Markets Acquires 1,684,411 Shares of Roblox Corporation $RBLX

BNP Paribas Financial Markets grew its holdings in shares of Roblox Corporation (NYSE:RBLX) by 99.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,377,673 shares of the company’s stock after buying an additional 1,684,411 shares during the period. BNP Paribas Financial Markets’ holdings in Roblox were worth $273,693,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. National Pension Service raised its position in shares of Roblox by 7.3% in the 3rd quarter. National Pension Service now owns 1,697,820 shares of the company’s stock worth $235,182,000 after purchasing an additional 115,096 shares during the last quarter. Cypress Wealth Services LLC purchased a new position in shares of Roblox in the 4th quarter worth about $2,373,000. Yarbrough Capital LLC raised its position in shares of Roblox by 1,514.5% in the 4th quarter. Yarbrough Capital LLC now owns 57,331 shares of the company’s stock worth $4,646,000 after purchasing an additional 53,780 shares during the last quarter. Triglav Investments D.O.O. purchased a new position in shares of Roblox in the 3rd quarter worth about $3,186,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Roblox by 28.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,590 shares of the company’s stock worth $10,609,000 after purchasing an additional 16,915 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wedbush lowered Roblox from a “hold” rating to a “neutral” rating in a research report on Friday, May 1st. TD Cowen raised Roblox from a “sell” rating to a “hold” rating and decreased their target price for the stock from $54.00 to $49.00 in a research report on Friday, May 1st. Roth Mkm set a $65.00 target price on Roblox in a research report on Tuesday, May 5th. Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Finally, HSBC lowered Roblox from a “buy” rating to a “hold” rating and set a $46.00 target price for the company. in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $87.07.

Roblox Price Performance

Shares of NYSE:RBLX opened at $47.10 on Friday. Roblox Corporation has a fifty-two week low of $40.15 and a fifty-two week high of $150.59. The firm has a market cap of $31.63 billion, a price-to-earnings ratio of -29.81 and a beta of 1.50. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50-day simple moving average of $52.48 and a two-hundred day simple moving average of $69.51.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.06. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The business’s revenue for the quarter was up 43.4% compared to the same quarter last year. On average, analysts expect that Roblox Corporation will post -1.4 earnings per share for the current year.

Roblox declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 19th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to purchase up to 9.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, insider Sean Jack Buckley sold 4,744 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.36, for a total transaction of $219,931.84. Following the completion of the sale, the insider owned 97,141 shares of the company’s stock, valued at $4,503,456.76. This represents a 4.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Matthew D. Kaufman sold 14,356 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $45.27, for a total transaction of $649,896.12. Following the sale, the insider directly owned 349,964 shares of the company’s stock, valued at $15,842,870.28. The trade was a 3.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 183,471 shares of company stock worth $8,930,068. Company insiders own 10.05% of the company’s stock.

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.