Capital International Ltd. CA Sells 16,315 Shares of Roblox Corporation $RBLX

Capital International Ltd. CA lessened its stake in Roblox Corporation (NYSE:RBLX) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 193,949 shares of the company’s stock after selling 16,315 shares during the period. Capital International Ltd. CA’s holdings in Roblox were worth $15,716,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Reyes Financial Architecture Inc. grew its position in shares of Roblox by 164.4% in the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after buying an additional 194 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new stake in shares of Roblox in the 4th quarter valued at about $27,000. Indiana Trust & Investment Management Co bought a new stake in shares of Roblox in the 4th quarter valued at about $32,000. Garner Asset Management Corp bought a new stake in shares of Roblox in the 4th quarter valued at about $37,000. Finally, Sunbelt Securities Inc. grew its position in shares of Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after buying an additional 105 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RBLX shares. Canaccord Genuity Group reduced their price target on Roblox from $140.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a research report on Friday, March 27th. Wells Fargo & Company cut their target price on Roblox from $97.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Morgan Stanley restated an “overweight” rating and set a $62.00 target price on shares of Roblox in a research report on Friday, May 1st. Finally, Wedbush lowered Roblox from a “hold” rating to a “neutral” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $87.07.

Roblox Stock Down 3.3%

Shares of NYSE:RBLX opened at $41.92 on Friday. The business’s 50 day simple moving average is $51.24 and its two-hundred day simple moving average is $67.43. The firm has a market cap of $28.15 billion, a P/E ratio of -26.53 and a beta of 1.44. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. Roblox Corporation has a 52-week low of $40.15 and a 52-week high of $150.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.06. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The company’s quarterly revenue was up 43.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) earnings per share. As a group, research analysts forecast that Roblox Corporation will post -1.4 EPS for the current fiscal year.

Roblox declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $57.95, for a total value of $965,794.70. Following the transaction, the director owned 1,302,834 shares in the company, valued at approximately $75,499,230.30. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Naveen K. Chopra sold 16,863 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total value of $763,556.64. Following the completion of the transaction, the chief financial officer owned 380,758 shares in the company, valued at approximately $17,240,722.24. The trade was a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 183,471 shares of company stock valued at $8,930,068. 10.05% of the stock is currently owned by corporate insiders.

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.