River Global Investors LLP Sells 6,575 Shares of Roblox Co. (NYSE:RBLX)

River Global Investors LLP decreased its stake in Roblox Co. (NYSE:RBLX) by 20.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,934 shares of the company’s stock after selling 6,575 shares during the period. River Global Investors LLP’s holdings in Roblox were worth $1,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RBLX. Allspring Global Investments Holdings LLC acquired a new position in shares of Roblox during the fourth quarter valued at about $25,000. Blue Trust Inc. lifted its position in shares of Roblox by 566.5% during the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after buying an additional 912 shares during the last quarter. Allworth Financial LP increased its stake in shares of Roblox by 90.2% in the fourth quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock worth $57,000 after purchasing an additional 587 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of Roblox in the fourth quarter worth $58,000. Finally, Lindbrook Capital LLC grew its holdings in Roblox by 74.7% during the 4th quarter. Lindbrook Capital LLC now owns 1,637 shares of the company’s stock valued at $75,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Stock Performance

Roblox stock traded up $1.90 during mid-day trading on Friday, reaching $39.24. 8,482,835 shares of the company were exchanged, compared to its average volume of 5,936,311. Roblox Co. has a twelve month low of $24.88 and a twelve month high of $47.20. The firm’s 50-day simple moving average is $38.06 and its two-hundred day simple moving average is $39.33. The firm has a market cap of $24.79 billion, a PE ratio of -20.98 and a beta of 1.63. The company has a debt-to-equity ratio of 14.64, a quick ratio of 1.07 and a current ratio of 1.07.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted ($0.48) EPS. Roblox’s quarterly revenue was up 25.3% on a year-over-year basis. Equities analysts predict that Roblox Co. will post -2.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RBLX. Wedbush lifted their price target on Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Barclays upgraded shares of Roblox from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. BMO Capital Markets lifted their price target on Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Roth Mkm reissued a “buy” rating and issued a $55.00 target price on shares of Roblox in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised Roblox from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $48.00 in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.60.

Insider Activity at Roblox

In other Roblox news, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $35.08, for a total value of $456,040.00. Following the transaction, the director now directly owns 9,747,603 shares of the company’s stock, valued at $341,945,913.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Mark Reinstra sold 4,000 shares of Roblox stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $36.69, for a total value of $146,760.00. Following the sale, the insider now directly owns 359,453 shares in the company, valued at approximately $13,188,330.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $35.08, for a total transaction of $456,040.00. Following the sale, the director now owns 9,747,603 shares in the company, valued at $341,945,913.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 712,374 shares of company stock worth $29,639,338. 22.15% of the stock is owned by company insiders.

Roblox Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.