Schroder Investment Management Group Cuts Stock Position in Roblox Corporation $RBLX

Schroder Investment Management Group lessened its holdings in Roblox Corporation (NYSE:RBLX) by 37.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,878 shares of the company’s stock after selling 192,683 shares during the quarter. Schroder Investment Management Group’s holdings in Roblox were worth $45,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RBLX. National Pension Service grew its holdings in Roblox by 7.3% during the third quarter. National Pension Service now owns 1,697,820 shares of the company’s stock valued at $235,182,000 after purchasing an additional 115,096 shares during the period. Vanguard Group Inc. raised its stake in shares of Roblox by 2.6% in the second 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 during the period. SG Americas Securities LLC raised its stake in shares of Roblox by 298.4% in the third quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock valued at $45,617,000 after buying an additional 246,652 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Roblox during the 2nd quarter valued at $120,041,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Roblox during the 3rd quarter valued at $2,895,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 10,834 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $61.63, for a total value of $667,699.42. Following the sale, the chief executive officer directly owned 800,539 shares in the company, valued at $49,337,218.57. This represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 703,144 shares of company stock worth $51,681,640. Company insiders own 12.92% of the company’s stock.

Roblox Stock Up 2.7%

RBLX stock opened at $60.42 on Thursday. The stock has a 50-day simple moving average of $70.84 and a two-hundred day simple moving average of $98.39. Roblox Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The firm has a market capitalization of $39.98 billion, a PE ratio of -38.98 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65.

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

Wall Street Analyst Weigh In

RBLX has been the subject of several recent research reports. Piper Sandler reissued 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. DA Davidson began coverage on shares of Roblox in a report on Wednesday, March 4th. They set a “neutral” rating and a $65.00 price objective on the stock. Oppenheimer cut their target price on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. UBS Group set a $74.00 target price on shares of Roblox in a research note on Friday, February 6th. Finally, Morgan Stanley lowered their price target on shares of Roblox from $155.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.35.

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.