Roblox Corporation $RBLX Shares Acquired by Capital International Investors

Capital International Investors grew its position in Roblox Corporation (NYSE:RBLX) by 7.3% in the fourth quarter, HoldingsChannel reports. The fund owned 31,953,301 shares of the company’s stock after acquiring an additional 2,184,439 shares during the quarter. Capital International Investors’ holdings in Roblox were worth $2,589,282,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RBLX. Cypress Wealth Services LLC purchased a new stake in shares of Roblox in the fourth quarter valued at approximately $2,373,000. Yarbrough Capital LLC boosted its position in Roblox by 1,514.5% in the 4th quarter. Yarbrough Capital LLC now owns 57,331 shares of the company’s stock valued at $4,646,000 after buying an additional 53,780 shares during the period. Glynn Capital Management LLC purchased a new position in Roblox in the 4th quarter valued at approximately $5,706,000. Norges Bank purchased a new position in Roblox in the 4th quarter valued at approximately $435,424,000. Finally, Vanguard Group Inc. lifted its position in shares of Roblox by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after purchasing an additional 1,020,786 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In related news, insider Matthew D. Kaufman sold 14,356 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $45.27, for a total transaction of $649,896.12. Following the completion of the sale, the insider directly owned 349,964 shares in the company, valued at approximately $15,842,870.28. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Mark Reinstra sold 5,460 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $46.40, for a total transaction of $253,344.00. Following the sale, the insider owned 432,738 shares of the company’s stock, valued at approximately $20,079,043.20. This represents a 1.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 183,471 shares of company stock valued at $8,930,068 in the last 90 days. Corporate insiders own 10.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RBLX shares. Roth Mkm set a $65.00 price target on shares of Roblox in a research note on Tuesday, May 5th. Wall Street Zen downgraded shares of Roblox from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Citigroup decreased their price objective on shares of Roblox from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, May 4th. UBS Group cut their price objective on shares of Roblox from $74.00 to $49.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Finally, Wells Fargo & Company dropped their price target on shares of Roblox from $97.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Roblox presently has an average rating of “Hold” and a consensus price target of $87.07.

Roblox Stock Down 3.3%

Roblox stock opened at $41.92 on Friday. The stock has a market cap of $28.15 billion, a price-to-earnings ratio of -26.53 and a beta of 1.44. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45. The company’s 50-day moving average price is $51.24 and its two-hundred day moving average price is $67.43. Roblox Corporation has a 52 week low of $40.15 and a 52 week high of $150.59.

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

Roblox announced that its board has initiated a share buyback plan on Tuesday, May 19th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to purchase up to 9.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.