Capital International Investors Reduces Stock Holdings in Roblox Corporation $RBLX

Capital International Investors reduced its holdings in shares of Roblox Corporation (NYSE:RBLX) by 2.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,768,862 shares of the company’s stock after selling 644,026 shares during the quarter. Capital International Investors’ holdings in Roblox were worth $4,124,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RBLX. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Roblox during the third quarter worth about $26,000. Total Investment Management Inc. acquired a new position in shares of Roblox during the second quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Roblox in the 3rd quarter valued at approximately $37,000. Root Financial Partners LLC acquired a new stake in Roblox in the 3rd quarter worth approximately $38,000. Finally, Salomon & Ludwin LLC acquired a new stake in Roblox in the 3rd quarter worth approximately $41,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on RBLX shares. Roth Mkm upgraded shares of Roblox from a “neutral” rating to a “buy” rating and upped their price target for the company from $78.00 to $84.00 in a research note on Monday, February 9th. Canaccord Genuity Group dropped their price objective on shares of Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Wolfe Research set a $100.00 target price on Roblox in a research report on Monday, January 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Roblox in a research note on Monday, December 29th. Finally, UBS Group set a $74.00 price target on Roblox in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average price target of $117.35.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 59,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $79.96, for a total value of $4,717,640.00. Following the completion of the transaction, the director owned 257,258 shares of the company’s stock, valued at $20,570,349.68. The trade was a 18.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Baszucki sold 272,269 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total value of $19,783,065.54. Following the completion of the sale, the chief executive officer owned 811,373 shares in the company, valued at $58,954,362.18. The trade was a 25.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 703,144 shares of company stock worth $51,681,640. Insiders own 12.92% of the company’s stock.

Roblox Stock Down 1.6%

RBLX stock opened at $62.52 on Tuesday. The firm’s fifty day simple moving average is $71.71 and its 200-day simple moving average is $99.08. The company has a market capitalization of $41.37 billion, a P/E ratio of -40.34 and a beta of 1.62. 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 12 month low of $50.10 and a 12 month high of $150.59.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations 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 revenue was up 122.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.33) earnings per share. As a group, equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current 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.