Hel Ved Capital Management Ltd Reduces Position in Roblox Corporation $RBLX

Hel Ved Capital Management Ltd lessened its holdings in shares of Roblox Corporation (NYSE:RBLX) by 90.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,400 shares of the company’s stock after selling 116,770 shares during the quarter. Hel Ved Capital Management Ltd’s holdings in Roblox were worth $1,718,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Roblox by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after buying an additional 3,284,073 shares in the last quarter. State Street Corp grew its stake in Roblox by 6.3% in the 2nd quarter. State Street Corp now owns 12,043,269 shares of the company’s stock valued at $1,266,952,000 after buying an additional 708,838 shares in the last quarter. Geode Capital Management LLC grew its stake in Roblox by 9.1% in the 2nd quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock valued at $1,053,257,000 after buying an additional 834,230 shares in the last quarter. AQR Capital Management LLC raised its holdings in Roblox by 3.0% during the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock valued at $948,222,000 after acquiring an additional 261,984 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Roblox by 9.9% during the second quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock worth $667,457,000 after acquiring an additional 570,018 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 60,000 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $63.94, for a total value of $3,836,400.00. Following the transaction, the insider owned 394,322 shares of the company’s stock, valued at $25,212,948.68. This represents a 13.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Baszucki sold 272,269 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the sale, the chief executive officer owned 811,373 shares in the company, valued at approximately $58,954,362.18. This trade represents a 25.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 703,144 shares of company stock worth $51,681,640. 12.92% of the stock is owned by corporate insiders.

Roblox Price Performance

NYSE:RBLX opened at $63.45 on Friday. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The stock has a fifty day moving average of $72.09 and a 200 day moving average of $99.71. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $41.98 billion, a price-to-earnings ratio of -40.94 and a beta of 1.62.

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

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent research reports. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Wedbush reissued an “outperform” rating and set a $110.00 price objective on shares of Roblox in a report on Friday, February 6th. TD Cowen restated a “sell” rating on shares of Roblox in a research note on Tuesday, January 27th. Piper Sandler reaffirmed an “overweight” rating and set a $100.00 target price (down from $125.00) on shares of Roblox in a report on Friday, February 6th. Finally, Wells Fargo & Company set a $97.00 price target on shares of Roblox in a report on Monday, February 9th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.