Axa S.A. Sells 8,435 Shares of Roblox Co. (NYSE:RBLX)

Axa S.A. trimmed its stake in Roblox Co. (NYSE:RBLX) by 17.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,328 shares of the company’s stock after selling 8,435 shares during the period. Axa S.A.’s holdings in Roblox were worth $2,276,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RBLX. Parkside Financial Bank & Trust increased its position in shares of Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after purchasing an additional 230 shares in the last quarter. Rakuten Securities Inc. increased its position in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after buying an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after buying an additional 633 shares in the last quarter. GAMMA Investing LLC raised its stake in Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after buying an additional 271 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Roblox by 2,955.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,222 shares of the company’s stock worth $71,000 after acquiring an additional 1,182 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 1,375,002 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the completion of the sale, the chief executive officer now owns 221,983 shares of the company’s stock, valued at $16,024,952.77. This represents a 86.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the transaction, the insider now directly owns 364,244 shares in the company, valued at approximately $21,122,509.56. This represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,164,386 shares of company stock worth $146,492,013. Corporate insiders own 22.15% of the company’s stock.

Roblox Trading Down 0.6 %

Shares of NYSE:RBLX opened at $70.02 on Friday. The firm has a market capitalization of $44.01 billion, a price-to-earnings ratio of -48.29 and a beta of 1.46. The business’s 50 day moving average price is $60.47 and its 200-day moving average price is $59.21. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business earned ($0.43) earnings per share. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. On average, equities research analysts forecast that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RBLX shares. Canaccord Genuity Group upped their price objective on shares of Roblox from $80.00 to $84.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Macquarie raised their price target on shares of Roblox from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday. FBN Securities began coverage on shares of Roblox in a report on Friday, March 28th. They set a “sector perform” rating and a $65.00 price objective on the stock. Citigroup raised their target price on Roblox from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, Barclays boosted their price target on Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average target price of $67.91.

Roblox Company 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.