Thrivent Financial for Lutherans Increases Stock Holdings in Roblox Corporation $RBLX

Thrivent Financial for Lutherans boosted its position in Roblox Corporation (NYSE:RBLX) by 824.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 642,763 shares of the company’s stock after buying an additional 573,234 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Roblox were worth $52,083,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. National Pension Service raised its holdings in Roblox by 7.3% in 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 in the last quarter. Cypress Wealth Services LLC bought a new position in Roblox in the fourth quarter worth $2,373,000. Yarbrough Capital LLC raised its holdings in Roblox by 1,514.5% in the fourth quarter. Yarbrough Capital LLC now owns 57,331 shares of the company’s stock worth $4,646,000 after purchasing an additional 53,780 shares in the last quarter. Triglav Investments D.O.O. bought a new position in Roblox in the third quarter worth $3,186,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Roblox by 28.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,590 shares of the company’s stock worth $10,609,000 after purchasing an additional 16,915 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group reduced their price target on Roblox from $140.00 to $80.00 and set a “buy” rating for the company in a report on Friday, May 1st. Raymond James Financial downgraded Roblox from an “outperform” rating to a “market perform” rating in a report on Friday, May 1st. Weiss Ratings restated a “sell (e+)” rating on shares of Roblox in a report on Friday, March 27th. BMO Capital Markets restated an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Finally, Freedom Capital upgraded Roblox from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $87.17.

Roblox Trading Down 2.0%

Roblox stock opened at $42.83 on Friday. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.89 and a quick ratio of 0.89. Roblox Corporation has a one year low of $40.15 and a one year high of $150.59. The stock has a market capitalization of $28.77 billion, a PE ratio of -27.11 and a beta of 1.50. The business’s fifty day moving average is $55.15 and its 200 day moving average is $74.25.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.06. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.Roblox’s revenue was up 43.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.32) earnings per share. On average, sell-side analysts predict that Roblox Corporation will post -1.4 EPS for the current year.

Insider Transactions at Roblox

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $44.97, for a total value of $749,470.02. Following the transaction, the director directly owned 1,294,501 shares of the company’s stock, valued at approximately $58,213,709.97. This trade represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Matthew D. Kaufman sold 13,325 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $57.94, for a total value of $772,050.50. Following the completion of the transaction, the insider directly owned 364,320 shares in the company, valued at $21,108,700.80. The trade was a 3.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 76,144 shares of company stock valued at $4,235,769. Company insiders own 12.92% of the company’s stock.

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.