Motley Fool Asset Management LLC Has $1.81 Million Stake in Roblox Corporation (NYSE:RBLX)

Key Points

• Motley Fool Asset Management LLC increased its stake in Roblox Corporation by 33.6% in the first quarter, owning a total of 31,041 shares valued at approximately $1.81 million.
• Roblox reported a revenue of $1.44 billion for the latest quarter, exceeding analysts' expectations of $1.20 billion, although it reported a miss in earnings with a loss of ($0.41) per share.
• Several analysts have upgraded their price targets for Roblox, with Needham & Company raising its target from $79.00 to $159.00 and maintaining a "buy" rating.

Motley Fool Asset Management LLC grew its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 33.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,041 shares of the company's stock after purchasing an additional 7,812 shares during the quarter. Motley Fool Asset Management LLC's holdings in Roblox were worth $1,809,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Roblox by 23.7% during the fourth quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company's stock valued at $419,867,000 after purchasing an additional 1,391,800 shares during the period. Whale Rock Capital Management LLC increased its holdings in shares of Roblox by 95.8% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock valued at $275,137,000 after purchasing an additional 2,326,588 shares during the period. Two Sigma Investments LP increased its holdings in shares of Roblox by 25.7% during the fourth quarter. Two Sigma Investments LP now owns 4,514,666 shares of the company's stock valued at $261,219,000 after purchasing an additional 921,822 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Roblox by 24.9% during the fourth 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 during the period. 94.46% of the stock is owned by institutional investors.

Roblox Stock Down 1.3%

Shares of NYSE RBLX traded down $1.64 during mid-day trading on Thursday, reaching $125.14. The company had a trading volume of 6,493,902 shares, compared to its average volume of 8,731,896. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $80.72 billion, a PE ratio of -87.51 and a beta of 1.63. The stock's 50 day moving average is $111.91 and its 200-day moving average is $82.09.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results 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 return on equity of 372.96% and a negative net margin of 23.67%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company posted ($0.32) earnings per share. The company's revenue was up 50.5% compared to the same quarter last year. As a group, equities analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RBLX shares. The Goldman Sachs Group raised their price target on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Wells Fargo & Company upped their target price on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Canaccord Genuity Group upped their target price on Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley upped their target price on Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Raymond James Financial downgraded Roblox from a "strong-buy" rating to an "outperform" rating and upped their target price for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $117.59.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 687,500 shares of the stock in a transaction on 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 directly owned 211,559 shares of the company's stock, valued at $18,610,845.23. This represents a 76.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 5,127,213 shares of company stock valued at $493,410,989 over the last 90 days. Corporate 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.