Banco Bilbao Vizcaya Argentaria S.A. Lowers Holdings in Roblox Co. (NYSE:RBLX)

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 11.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 131,389 shares of the company's stock after selling 16,856 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Roblox were worth $7,698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RBLX. Price T Rowe Associates Inc. MD increased its stake in Roblox by 24.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,363,982 shares of the company's stock valued at $252,501,000 after purchasing an additional 871,027 shares in the last quarter. Soros Capital Management LLC acquired a new position in shares of Roblox during the fourth quarter valued at about $5,491,000. J. Safra Sarasin Holding AG increased its position in shares of Roblox by 3.5% during the fourth quarter. J. Safra Sarasin Holding AG now owns 47,995 shares of the company's stock worth $2,777,000 after acquiring an additional 1,644 shares in the last quarter. TFJ Management LLC bought a new position in Roblox in the 4th quarter valued at about $976,000. Finally, Trajan Wealth LLC boosted its stake in Roblox by 4.0% during the 4th quarter. Trajan Wealth LLC now owns 323,390 shares of the company's stock valued at $18,711,000 after purchasing an additional 12,554 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $4,636,261.22. This represents a 5.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Baszucki sold 138,555 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the transaction, the chief executive officer now owns 129,301 shares of the company's stock, valued at approximately $9,260,537.62. This trade represents a 51.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 902,954 shares of company stock valued at $55,354,971. Company insiders own 22.15% of the company's stock.

Roblox Trading Down 0.4 %

Shares of NYSE RBLX traded down $0.25 during mid-day trading on Wednesday, hitting $66.15. The stock had a trading volume of 3,747,569 shares, compared to its average volume of 7,858,758. The business has a 50 day moving average price of $59.18 and a two-hundred day moving average price of $57.89. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74. 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 firm has a market cap of $41.57 billion, a P/E ratio of -45.62 and a beta of 1.49.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, equities analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

RBLX has been the topic of a number of recent research reports. FBN Securities began coverage on Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 target price on the stock. The Goldman Sachs Group lifted their price objective on shares of Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Benchmark reiterated a "buy" rating and issued a $71.00 target price on shares of Roblox in a report on Tuesday, March 18th. Piper Sandler reaffirmed an "overweight" rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, Morgan Stanley dropped their target price 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $64.50.

Roblox 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.