Ninety One UK Ltd Acquires Shares of 2,356,827 Roblox Corporation (NYSE:RBLX)

Ninety One UK Ltd bought a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,356,827 shares of the company's stock, valued at approximately $137,379,000. Ninety One UK Ltd owned approximately 0.38% of Roblox as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RBLX. MetLife Investment Management LLC lifted its position 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 purchasing an additional 161 shares during the last quarter. Rakuten Securities Inc. lifted its position in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Atala Financial Inc lifted its position in Roblox by 0.6% during the first quarter. Atala Financial Inc now owns 50,403 shares of the company's stock valued at $2,941,000 after purchasing an additional 292 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its position in Roblox by 2.5% during the first quarter. Moss Adams Wealth Advisors LLC now owns 13,614 shares of the company's stock valued at $794,000 after purchasing an additional 327 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on RBLX. Bank of America increased their price objective on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. FBN Securities began coverage on shares of Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Benchmark raised their target price on shares of Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Roblox from $78.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $83.52.

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $103.89, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $102.58, for a total transaction of $615,480.00. Following the sale, the insider directly owned 313,223 shares in the company, valued at approximately $32,130,415.34. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,645,690 shares of company stock valued at $592,729,502. Insiders own 12.92% of the company's stock.

Roblox Stock Up 0.9%

Shares of Roblox stock traded up $0.94 on Wednesday, reaching $105.88. The stock had a trading volume of 651,535 shares, compared to its average volume of 8,021,145. The company has a 50 day moving average price of $89.67 and a 200 day moving average price of $71.40. 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 1 year low of $35.30 and a 1 year high of $108.00. The stock has a market capitalization of $71.82 billion, a P/E ratio of -78.89 and a beta of 1.60.

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

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.