Roblox Corporation (NYSE:RBLX) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,748,853 shares of the company's stock after acquiring an additional 12,297 shares during the quarter. Bank of New York Mellon Corp owned 0.28% of Roblox worth $101,941,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock worth $278,500,000 after purchasing an additional 4,406,885 shares during the last quarter. Durable Capital Partners LP purchased a new position in Roblox in the 4th quarter valued at about $246,560,000. Norges Bank acquired a new stake in Roblox in the 4th quarter worth about $167,211,000. Finally, Whale Rock Capital Management LLC increased its stake in Roblox by 95.8% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock worth $275,137,000 after buying an additional 2,326,588 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Trading Down 1.6%

Shares of RBLX stock traded down $1.67 during trading hours on Thursday, hitting $105.01. The company had a trading volume of 5,636,591 shares, compared to its average volume of 8,040,189. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $71.23 billion, a PE ratio of -78.37 and a beta of 1.60. The company's fifty day moving average is $90.46 and its 200 day moving average is $71.64. Roblox Corporation has a fifty-two week low of $35.30 and a fifty-two week high of $108.00.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the firm earned ($0.43) earnings per share. The firm's revenue was up 30.6% compared to the same quarter last year. Research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RBLX. FBN Securities assumed coverage on Roblox in a research report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 target price on the stock. Piper Sandler restated an "overweight" rating and issued a $105.00 price objective (up previously from $85.00) on shares of Roblox in a report on Thursday, June 5th. Bank of America upped their target price on shares of Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. The Goldman Sachs Group raised their price target on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Finally, Wedbush raised shares of Roblox to a "strong-buy" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.52.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 1,375,002 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 221,983 shares of the company's stock, valued at approximately $16,024,952.77. This represents a 86.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 6,645,690 shares of company stock worth $592,729,502. 12.92% of the stock is currently owned by corporate insiders.

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.