Temasek Holdings Private Ltd Has $728.60 Million Stock Position in Roblox Co. (NYSE:RBLX)

Temasek Holdings Private Ltd reduced its holdings in Roblox Co. (NYSE:RBLX) by 8.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,592,534 shares of the company’s stock after selling 1,182,355 shares during the quarter. Roblox accounts for 2.9% of Temasek Holdings Private Ltd’s investment portfolio, making the stock its 10th largest holding. Temasek Holdings Private Ltd’s holdings in Roblox were worth $728,604,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RBLX. FMR LLC increased its position in shares of Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company’s stock valued at $278,500,000 after acquiring an additional 4,406,885 shares during the last quarter. Durable Capital Partners LP purchased a new position in shares of Roblox during the fourth quarter worth approximately $246,560,000. Finally, Ieq Capital LLC lifted its holdings in shares of Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after acquiring an additional 3,507,901 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RBLX shares. Morgan Stanley reduced their target price on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Needham & Company LLC restated a “buy” rating on shares of Roblox in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price objective on Roblox from $63.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday. Benchmark increased their target price on Roblox from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Roblox in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $68.68.

Roblox Stock Up 0.5%

Shares of Roblox stock opened at $81.21 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $31.59 and a 12-month high of $82.02. The company has a market cap of $51.16 billion, a P/E ratio of -56.00 and a beta of 1.46. The company’s fifty day simple moving average is $62.73 and its two-hundred day simple moving average is $60.80.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted ($0.43) EPS. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. Research analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total value of $274,067.12. Following the completion of the transaction, the chief accounting officer now owns 75,583 shares in the company, valued at approximately $4,636,261.22. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Baszucki sold 1,375,002 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $72.19, for a total value of $99,261,394.38. Following the transaction, the chief executive officer now directly owns 221,983 shares of the company’s stock, valued at $16,024,952.77. This represents a 86.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,358,232 shares of company stock valued at $161,232,273. 22.15% of the stock is currently owned by corporate insiders.

About Roblox

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.