Roblox Corporation (NYSE:RBLX) Holdings Decreased by Invictus Private Wealth LLC

Key Points

• Invictus Private Wealth LLC reduced its holdings in Roblox Corporation by 4.1%, selling 6,023 shares and leaving them with 140,226 shares valued at approximately $8.17 million.
• Roblox reported earnings of ($0.41) per share last quarter, missing estimates, but showed a 50.5% year-over-year increase in revenue, totaling $1.44 billion.
• Institutional investors collectively own 94.46% of Roblox's stock, with a significant number of analyst upgrades pushing the target price to an average of $99.73.

Invictus Private Wealth LLC reduced its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,226 shares of the company's stock after selling 6,023 shares during the quarter. Roblox comprises approximately 0.6% of Invictus Private Wealth LLC's portfolio, making the stock its 22nd biggest holding. Invictus Private Wealth LLC's holdings in Roblox were worth $8,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans acquired a new position in Roblox in the fourth quarter valued at $229,000. Blair William & Co. IL increased its stake in Roblox by 51.9% in the fourth quarter. Blair William & Co. IL now owns 9,642 shares of the company's stock valued at $558,000 after purchasing an additional 3,295 shares during the last quarter. Clearbridge Investments LLC acquired a new position in Roblox in the fourth quarter valued at $4,256,000. O Shaughnessy Asset Management LLC acquired a new position in Roblox in the fourth quarter valued at $716,000. Finally, Wellington Management Group LLP increased its stake in Roblox by 255.1% during the fourth quarter. Wellington Management Group LLP now owns 2,124,122 shares of the company's stock worth $122,902,000 after acquiring an additional 1,526,020 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Performance

Shares of RBLX traded down $12.63 during mid-day trading on Friday, hitting $125.16. The stock had a trading volume of 14,997,187 shares, compared to its average volume of 8,640,285. The company's fifty day simple moving average is $105.05 and its two-hundred day simple moving average is $78.67. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a fifty-two week low of $35.30 and a fifty-two week high of $150.59. The company has a market cap of $84.89 billion, a PE ratio of -87.52 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 417.87% and a negative net margin of 23.67%. The company's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period last year, the business posted ($0.32) EPS. On average, equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RBLX. Piper Sandler boosted their target price on Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Canaccord Genuity Group increased 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. Oppenheimer reissued an "outperform" rating and set a $125.00 target price (up previously from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and increased their target price for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their target price on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $117.59.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $103.89, for a total value of $6,856,740.00. Following the sale, the director owned 284,488 shares of the company's stock, valued at approximately $29,555,458.32. The trade was a 18.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Baszucki sold 139,507 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $105.19, for a total value of $14,674,741.33. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at $22,253,891.21. This represents a 39.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,651,690 shares of company stock valued at $593,440,562 in the last quarter. Corporate insiders own 12.92% of the company's stock.

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.