Capital International Inc. CA Raises Stock Position in Roblox Corporation $RBLX

Capital International Inc. CA boosted its holdings in shares of Roblox Corporation (NYSE:RBLX) by 5.8% in the third quarter, HoldingsChannel reports. The firm owned 203,238 shares of the company’s stock after buying an additional 11,128 shares during the period. Capital International Inc. CA’s holdings in Roblox were worth $28,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RBLX. Pilgrim Partners Asia Pte Ltd acquired a new stake in Roblox during the 3rd quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Roblox in the 3rd quarter valued at about $37,000. Total Investment Management Inc. acquired a new position in shares of Roblox in the 2nd quarter valued at about $29,000. Root Financial Partners LLC purchased a new stake in shares of Roblox in the third quarter worth about $38,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Roblox in the third quarter worth about $41,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In related news, insider Arvind Chakravarthy sold 40,646 shares of Roblox stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total value of $2,732,630.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew D. Kaufman sold 30,034 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the completion of the sale, the insider directly owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. The trade was a 8.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 703,144 shares of company stock worth $51,681,640 in the last ninety days. Company insiders own 12.92% of the company’s stock.

Roblox Stock Performance

NYSE RBLX opened at $58.76 on Wednesday. The stock has a market capitalization of $38.88 billion, a price-to-earnings ratio of -37.91 and a beta of 1.62. The stock has a 50-day moving average of $71.25 and a 200 day moving average of $98.66. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RBLX. Jefferies Financial Group set a $85.00 price target on Roblox in a research report on Thursday, January 15th. Piper Sandler restated an “overweight” rating and issued a $100.00 price objective (down from $125.00) on shares of Roblox in a research report on Friday, February 6th. Barclays dropped their price objective on shares of Roblox from $130.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Wall Street Zen lowered shares of Roblox from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, UBS Group set a $74.00 target price on shares of Roblox in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $117.35.

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.