Roblox Corporation (NYSE:RBLX) Stake Raised by Perpetual Ltd

Perpetual Ltd grew its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 127.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,962 shares of the company's stock after buying an additional 20,176 shares during the period. Perpetual Ltd's holdings in Roblox were worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RBLX. FMR LLC raised its holdings in shares of Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after buying an additional 17,312,325 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Roblox by 1,084.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock valued at $278,500,000 after buying an additional 4,406,885 shares during the last quarter. Durable Capital Partners LP bought a new stake in shares of Roblox during the fourth quarter valued at approximately $246,560,000. Finally, Norges Bank bought a new stake in shares of Roblox during the fourth quarter valued at approximately $167,211,000. Institutional investors own 94.46% of the company's stock.

Roblox Price Performance

Shares of NYSE:RBLX opened at $105.80 on Friday. The company's fifty day moving average is $84.13 and its two-hundred day moving average is $69.19. 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 12-month low of $35.30 and a 12-month high of $105.87. The company has a market cap of $71.76 billion, a P/E ratio of -78.96 and a beta of 1.56.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned ($0.43) EPS. The company's revenue was up 30.6% on a year-over-year basis. Equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, CFO Michael Guthrie sold 50,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $58.79, for a total transaction of $2,939,500.00. Following the transaction, the chief financial officer now directly owns 516,434 shares in the company, valued at $30,361,154.86. The trade was a 8.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anthony P. Lee sold 21,200 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $61.37, for a total transaction of $1,301,044.00. Following the transaction, the director now owns 6,589,757 shares in the company, valued at approximately $404,413,387.09. This represents a 0.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,712,649 shares of company stock valued at $584,262,803 in the last three months. 12.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on RBLX shares. Roth Mkm boosted their target price on Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Citigroup reissued an "overweight" rating on shares of Roblox in a report on Monday, June 16th. Morgan Stanley dropped their target price on Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company boosted their target price on Roblox from $78.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Barclays boosted their target price on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $79.70.

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.

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