Victory Capital Management Inc. Raises Holdings in Roblox Corporation (NYSE:RBLX)

Victory Capital Management Inc. boosted its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,787 shares of the company's stock after purchasing an additional 3,971 shares during the quarter. Victory Capital Management Inc.'s holdings in Roblox were worth $9,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new position in shares of Roblox in the 4th quarter valued at $229,000. Teacher Retirement System of Texas purchased a new position in Roblox in the fourth quarter valued at about $259,000. Sei Investments Co. raised its holdings in Roblox by 97.5% in the fourth quarter. Sei Investments Co. now owns 256,120 shares of the company's stock worth $14,819,000 after purchasing an additional 126,413 shares in the last quarter. Korea Investment CORP lifted its position in shares of Roblox by 372.6% during the fourth quarter. Korea Investment CORP now owns 312,006 shares of the company's stock valued at $18,053,000 after buying an additional 245,982 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Roblox by 8.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 338,874 shares of the company's stock valued at $20,492,000 after buying an additional 26,024 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Stock Performance

NYSE RBLX traded up $0.67 during mid-day trading on Friday, reaching $118.79. 5,550,984 shares of the stock were exchanged, compared to its average volume of 8,101,534. Roblox Corporation has a 1 year low of $35.30 and a 1 year high of $127.99. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. The business's 50 day moving average is $100.68 and its 200-day moving average is $76.37. The company has a market capitalization of $80.57 billion, a P/E ratio of -88.65 and a beta of 1.60.

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

Wall Street Analyst Weigh In

RBLX has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday. Canaccord Genuity Group lifted their price target on shares of Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Wedbush upped their price target on Roblox from $110.00 to $142.00 and gave the stock an "outperform" rating in a research report on Friday. Barclays raised their price objective on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Macquarie boosted their target price on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $95.95.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 1,375,002 shares of Roblox stock in a transaction on Monday, May 5th. The shares were sold at an average price of $72.19, for a total value of $99,261,394.38. Following the sale, the chief executive officer owned 221,983 shares of the company's stock, valued at approximately $16,024,952.77. This trade represents a 86.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 6,651,690 shares of company stock worth $593,440,562. 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.