Charles Schwab Investment Management Inc. Boosts Stock Holdings in Roblox Corporation (NYSE:RBLX)

Charles Schwab Investment Management Inc. grew its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,323,611 shares of the company's stock after acquiring an additional 175,770 shares during the period. Charles Schwab Investment Management Inc. owned 0.37% of Roblox worth $135,443,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC grew its stake in Roblox by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after acquiring an additional 161 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock worth $775,000 after buying an additional 163 shares in the last quarter. Commerce Bank grew its stake in shares of Roblox by 2.7% in the 1st quarter. Commerce Bank now owns 7,257 shares of the company's stock worth $423,000 after buying an additional 191 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Roblox by 0.3% in the 1st quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock worth $4,518,000 after buying an additional 198 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Roblox by 3.8% in the 1st quarter. Signaturefd LLC now owns 6,153 shares of the company's stock worth $359,000 after buying an additional 225 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Trading Down 0.9%

RBLX traded down $1.23 on Tuesday, reaching $129.51. 5,703,553 shares of the company traded hands, compared to its average volume of 9,921,019. Roblox Corporation has a one year low of $37.50 and a one year high of $150.59. The firm has a fifty day simple moving average of $111.20 and a two-hundred day simple moving average of $81.78. The company has a market cap of $83.54 billion, a P/E ratio of -90.57 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business earned ($0.32) EPS. The company's quarterly revenue was up 50.5% compared to the same quarter last year. As a group, equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RBLX shares. The Goldman Sachs Group lifted their price objective 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. Roth Mkm lifted their price objective on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Piper Sandler lifted their price objective on shares of Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Macquarie lifted their price objective on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, BMO Capital Markets lifted their price objective on shares of Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $117.59.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 687,500 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $87.97, for a total transaction of $60,479,375.00. Following the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at approximately $18,610,845.23. This trade represents a 76.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 5,215,535 shares of company stock worth $500,468,909. Company insiders own 12.92% 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.