Ontario Teachers Pension Plan Board Has $1.07 Million Stock Holdings in Roblox Corporation $RBLX

Ontario Teachers Pension Plan Board reduced its stake in shares of Roblox Corporation (NYSE:RBLX) by 55.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,700 shares of the company’s stock after selling 9,751 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Roblox were worth $1,067,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. National Pension Service increased its stake in shares of Roblox by 7.3% during the third 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 period. Vanguard Group Inc. grew its holdings 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 buying an additional 1,513,608 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Roblox by 298.4% during the third quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock worth $45,617,000 after buying an additional 246,652 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Roblox in the second quarter valued at about $120,041,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Roblox in the third quarter valued at about $2,895,000. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

Roblox stock opened at $64.62 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock has a market cap of $42.75 billion, a PE ratio of -41.69 and a beta of 1.63. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The business’s 50-day moving average price is $75.93 and its two-hundred day moving average price is $104.36.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The firm’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same period last year, the company posted ($0.33) EPS. As a group, analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Anthony P. Lee sold 7,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total transaction of $577,150.00. Following the sale, the director owned 256,768 shares in the company, valued at $21,170,521.60. The trade was a 2.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matthew D. Kaufman sold 30,034 shares of the 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 transaction, the insider owned 307,263 shares of the company’s stock, valued at $22,322,656.95. This represents a 8.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 758,310 shares of company stock valued at $57,121,581. 12.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. BTIG Research reiterated a “buy” rating and issued a $141.00 price objective on shares of Roblox in a research note on Friday, February 6th. UBS Group set a $74.00 price target on Roblox in a research report on Friday, February 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $100.00 price objective (down from $125.00) on shares of Roblox in a report on Friday, February 6th. Wolfe Research set a $100.00 target price on Roblox in a report on Monday, January 5th. Finally, Roth Mkm raised Roblox from a “neutral” rating to a “buy” rating and boosted their price target for the company from $78.00 to $84.00 in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given 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 price target of $119.44.

Roblox 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.