Roblox Co. (NYSE:RBLX) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lessened its holdings in Roblox Co. (NYSE:RBLX) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 399,506 shares of the company’s stock after selling 7,977 shares during the quarter. Ensign Peak Advisors Inc owned about 0.07% of Roblox worth $23,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RBLX. Vanguard Group Inc. raised its holdings in shares of Roblox by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock worth $3,080,449,000 after purchasing an additional 462,450 shares during the last quarter. FMR LLC raised its stake 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 buying an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock valued at $1,063,365,000 after buying an additional 17,312,325 shares during the period. Ieq Capital LLC boosted its stake in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after buying an additional 3,507,901 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Roblox by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company’s stock valued at $495,564,000 after acquiring an additional 246,610 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Performance

NYSE RBLX opened at $71.89 on Friday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock’s fifty day moving average is $60.65 and its two-hundred day moving average is $59.55. The firm has a market capitalization of $45.29 billion, a P/E ratio of -49.58 and a beta of 1.46. Roblox Co. has a fifty-two week low of $30.83 and a fifty-two week high of $75.74.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share 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 firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the company posted ($0.43) EPS. The company’s revenue was up 30.6% compared to the same quarter last year. On average, research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RBLX shares. FBN Securities began coverage on shares of Roblox in a research note on Friday, March 28th. They set a “sector perform” rating and a $65.00 price objective on the stock. Morgan Stanley dropped their price target on shares of Roblox from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Piper Sandler reiterated an “overweight” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Wedbush restated an “outperform” rating and set a $83.00 target price on shares of Roblox in a research report on Thursday, April 24th. Finally, OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.91.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the transaction, the chief accounting officer now owns 75,583 shares of the company’s stock, valued at approximately $4,636,261.22. This trade represents a 5.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the transaction, the chief financial officer now owns 417,079 shares of the company’s stock, valued at approximately $27,502,189.26. This represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,164,386 shares of company stock worth $146,492,013 in the last 90 days. Insiders own 22.15% of the company’s stock.

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.