US Bancorp DE cut its position in Roblox Corporation (NYSE:RBLX – Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,125 shares of the company’s stock after selling 1,085 shares during the period. US Bancorp DE’s holdings in Roblox were worth $7,167,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in RBLX. Vanguard Group Inc. boosted its stake in Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares during the last quarter. Ieq Capital LLC boosted its stake in Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares during the last quarter. AQR Capital Management LLC boosted its stake in Roblox by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after purchasing an additional 6,007,322 shares during the last quarter. Amundi boosted its stake in Roblox by 55.5% during the 1st quarter. Amundi now owns 4,960,806 shares of the company’s stock valued at $288,818,000 after purchasing an additional 1,769,669 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Roblox by 210.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company’s stock valued at $189,840,000 after purchasing an additional 2,207,897 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.
Roblox Price Performance
Roblox stock opened at $126.77 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock has a market cap of $81.77 billion, a P/E ratio of -88.65 and a beta of 1.63. The company’s 50 day moving average price is $128.96 and its two-hundred day moving average price is $101.70. Roblox Corporation has a 52 week low of $39.30 and a 52 week high of $150.59.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Citigroup lifted their price target on Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday. Bank of America lifted their price target on Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Canaccord Genuity Group lifted their target price on shares of Roblox from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Raymond James Financial cut shares of Roblox from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Roblox from $153.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $126.84.
Check Out Our Latest Stock Analysis on RBLX
Insider Buying and Selling
In related news, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $136.33, for a total value of $8,997,780.00. Following the sale, the director owned 270,628 shares of the company’s stock, valued at approximately $36,894,715.24. The trade was a 19.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 875 shares of Roblox stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total transaction of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at $26,808,756.48. This trade represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 372,876 shares of company stock worth $48,196,989 in the last three months. Insiders own 12.92% of the company’s stock.
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.
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