Massachusetts Financial Services Co. MA Grows Position in Roblox Corporation $RBLX

Massachusetts Financial Services Co. MA increased its stake in shares of Roblox Corporation (NYSE:RBLX) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,148,204 shares of the company’s stock after acquiring an additional 360,009 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.80% of Roblox worth $713,129,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RBLX. Vanguard Group Inc. grew its holdings in Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after buying an additional 1,513,608 shares in the last quarter. State Street Corp raised its stake in Roblox by 6.3% during the second quarter. State Street Corp now owns 12,043,269 shares of the company’s stock valued at $1,266,952,000 after purchasing an additional 708,838 shares in the last quarter. Geode Capital Management LLC raised its stake in Roblox by 9.1% during the second quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock valued at $1,053,257,000 after purchasing an additional 834,230 shares in the last quarter. AQR Capital Management LLC lifted its position in Roblox by 3.0% during the second quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock valued at $948,222,000 after purchasing an additional 261,984 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Roblox by 9.9% in the 2nd quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock worth $667,457,000 after buying an additional 570,018 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Roblox

In other Roblox news, Director Anthony P. Lee sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total value of $577,150.00. Following the completion of the sale, the director directly owned 256,768 shares in the company, valued at $21,170,521.60. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Naveen K. Chopra sold 19,424 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,849,747.52. Following the transaction, the chief financial officer directly owned 337,036 shares in the company, valued at approximately $32,095,938.28. The trade was a 5.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 504,300 shares of company stock valued at $46,290,436 over the last three months. Company insiders own 12.92% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the topic of several recent research reports. UBS Group set a $155.00 target price on shares of Roblox in a research report on Tuesday. Canaccord Genuity Group set a $160.00 price objective on Roblox in a research note on Thursday, October 30th. Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. BTIG Research lowered their price target on Roblox from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $159.00 price target on shares of Roblox in a report on Friday, October 31st. Seventeen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Roblox has a consensus rating of “Hold” and an average target price of $133.65.

Roblox Trading Up 3.1%

RBLX opened at $87.27 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. The firm has a market cap of $57.15 billion, a price-to-earnings ratio of -61.03 and a beta of 1.64. Roblox Corporation has a 12 month low of $50.10 and a 12 month high of $150.59. The stock has a fifty day moving average price of $88.90 and a 200-day moving average price of $111.98.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The firm’s revenue for the quarter was up 70.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.37) earnings per share. As a group, equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.