Roblox Corporation $RBLX is Kora Management LP’s 5th Largest Position

Kora Management LP cut its stake in Roblox Corporation (NYSE:RBLX) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 461,400 shares of the company’s stock after selling 25,600 shares during the period. Roblox accounts for about 6.8% of Kora Management LP’s portfolio, making the stock its 5th largest position. Kora Management LP’s holdings in Roblox were worth $63,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of RBLX. L2 Asset Management LLC raised its holdings in shares of Roblox by 5.9% in the third quarter. L2 Asset Management LLC now owns 2,783 shares of the company’s stock worth $386,000 after buying an additional 154 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in shares of Roblox by 49.3% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 3,376 shares of the company’s stock valued at $468,000 after buying an additional 1,115 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Roblox by 12.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,860 shares of the company’s stock valued at $258,000 after acquiring an additional 200 shares during the period. Lido Advisors LLC increased its position in shares of Roblox by 4.9% in the 3rd quarter. Lido Advisors LLC now owns 8,945 shares of the company’s stock valued at $1,239,000 after acquiring an additional 416 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in Roblox by 21.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 22,491 shares of the company’s stock worth $3,115,000 after acquiring an additional 3,936 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

Shares of RBLX opened at $59.12 on Tuesday. The business’s 50-day moving average is $69.41 and its two-hundred day moving average is $96.78. The company has a market capitalization of $39.12 billion, a P/E ratio of -38.14 and a beta of 1.62. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59.

Roblox (NYSE:RBLX) last released its quarterly earnings data 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 business had revenue of $1.42 billion during 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%.The company’s revenue was up 122.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.33) EPS. Research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity

In other Roblox news, Director Anthony P. Lee sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total value of $577,150.00. Following the sale, the director owned 256,768 shares in the company, valued at approximately $21,170,521.60. This represents a 2.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Matthew D. Kaufman sold 30,034 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 307,263 shares in the company, valued at $22,322,656.95. The trade was a 8.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 703,144 shares of company stock valued at $51,681,640 over the last 90 days. Company insiders own 12.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Oppenheimer cut their price objective on Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. B. Riley Financial initiated coverage on Roblox in a research note on Tuesday, December 9th. They issued a “buy” rating and a $125.00 price objective for the company. Morgan Stanley decreased their target price on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft set a $115.00 target price on Roblox in a research report on Tuesday, January 20th. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.35.

Roblox Company 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.