Massachusetts Financial Services Co. MA Buys 645,859 Shares of Roblox Corporation $RBLX

Key Points

• Massachusetts Financial Services Co. raised its stake in Roblox by 12.5%, acquiring 645,859 shares to hold 5,794,063 shares (about 0.88% of the company) valued at roughly $469.5 million.
• Insiders have been net sellers recently — CEO David Baszucki sold 272,269 shares for about $19.8 million and insiders disposed of 527,018 shares (~$37.15 million) in the last three months, though insiders still own 12.92% of the stock.
• Analyst views are mixed: Roblox has a consensus rating of "Moderate Buy" with an average price target of $116.76, while the latest quarter showed revenue up 122.6% to $1.42 billion with an EPS beat but a revenue miss and continued unprofitability.

Massachusetts Financial Services Co. MA raised its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,794,063 shares of the company's stock after purchasing an additional 645,859 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.88% of Roblox worth $469,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Roblox by 5.6% in the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company's stock valued at $8,648,911,000 after purchasing an additional 3,284,073 shares in the last quarter. State Street Corp grew its stake in Roblox by 11.0% in the third quarter. State Street Corp now owns 13,369,844 shares of the company's stock valued at $1,851,991,000 after purchasing an additional 1,326,575 shares in the last quarter. AQR Capital Management LLC grew its stake in Roblox by 7.4% in the third quarter. AQR Capital Management LLC now owns 9,697,538 shares of the company's stock valued at $1,310,719,000 after purchasing an additional 665,127 shares in the last quarter. Franklin Resources Inc. grew its stake in Roblox by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,963,693 shares of the company's stock valued at $964,611,000 after purchasing an additional 619,048 shares in the last quarter. Finally, Durable Capital Partners LP grew its stake in Roblox by 32.4% in the second quarter. Durable Capital Partners LP now owns 4,588,728 shares of the company's stock valued at $482,734,000 after purchasing an additional 1,122,153 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RBLX shares. Needham & Company LLC decreased their price target on Roblox from $159.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, February 6th. Jefferies Financial Group set a $85.00 price objective on Roblox in a research report on Thursday, January 15th. The Goldman Sachs Group cut their price objective on Roblox from $180.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, February 6th. Benchmark reaffirmed a "hold" rating on shares of Roblox in a research report on Monday, February 2nd. Finally, TD Cowen reaffirmed a "sell" rating on shares of Roblox in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $116.76.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 272,269 shares of the business's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the sale, the chief executive officer owned 811,373 shares in the company, valued at $58,954,362.18. The trade was a 25.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mark Reinstra sold 60,000 shares of the business's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $63.94, for a total value of $3,836,400.00. Following the sale, the insider owned 394,322 shares in the company, valued at $25,212,948.68. This represents a 13.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 527,018 shares of company stock worth $37,145,491 in the last three months. Insiders own 12.92% of the company's stock.

Roblox Stock Performance

NYSE:RBLX opened at $55.55 on Friday. The stock has a market cap of $36.75 billion, a P/E ratio of -35.84 and a beta of 1.67. The stock has a 50 day simple moving average of $61.48 and a 200 day simple moving average of $86.97. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a 1-year low of $51.23 and a 1-year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $2.08 billion. During the same period in the previous year, the firm earned ($0.33) EPS. The company's quarterly revenue was up 122.6% compared to the same quarter last year. Research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Roblox Company 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.

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