OFI Invest Asset Management Purchases New Position in Roblox Corporation $RBLX

Key Points

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OFI Invest Asset Management purchased a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 68,671 shares of the company's stock, valued at approximately $5,564,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company's stock valued at $8,648,911,000 after acquiring an additional 3,284,073 shares in the last quarter. State Street Corp increased its position in shares of Roblox by 11.0% during the third quarter. State Street Corp now owns 13,369,844 shares of the company's stock valued at $1,851,991,000 after acquiring an additional 1,326,575 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Roblox by 7.4% during 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 acquiring an additional 665,127 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Roblox by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,963,693 shares of the company's stock valued at $964,611,000 after acquiring an additional 619,048 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Roblox by 7.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,148,204 shares of the company's stock valued at $713,129,000 after acquiring an additional 360,009 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Trading Down 0.6%

Shares of RBLX stock opened at $55.09 on Friday. Roblox Corporation has a 1 year low of $51.23 and a 1 year high of $150.59. The firm has a fifty day moving average price of $61.68 and a 200-day moving average price of $87.85. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $36.45 billion, a price-to-earnings ratio of -35.54 and a beta of 1.67.

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

Insider Activity

In other news, insider Matthew D. Kaufman sold 30,034 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the completion of the sale, the insider owned 307,263 shares of the company's stock, valued at $22,322,656.95. The trade was a 8.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory Baszucki sold 16,666 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $57.95, for a total transaction of $965,794.70. Following the sale, the director directly owned 1,302,834 shares of the company's stock, valued at approximately $75,499,230.30. The trade was a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 527,018 shares of company stock worth $37,145,491. Company insiders own 12.92% of the company's stock.

Analyst Ratings Changes

RBLX has been the subject of several analyst reports. The Goldman Sachs Group reduced their price target on shares of Roblox from $180.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, February 6th. DA Davidson assumed coverage on shares of Roblox in a research report on Wednesday, March 4th. They set a "neutral" rating and a $65.00 price target for the company. Barclays cut their target price on shares of Roblox from $130.00 to $115.00 and set an "equal weight" rating for the company in a research report on Friday, February 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $100.00 target price (down from $125.00) on shares of Roblox in a research report on Friday, February 6th. Finally, Jefferies Financial Group set a $85.00 target price on shares of Roblox in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $116.76.

About Roblox

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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