TD Asset Management Inc Acquires 6,174 Shares of Roblox Corporation (NYSE:RBLX)

Key Points

• TD Asset Management Inc increased its stake in Roblox Corporation by 4.7%, acquiring an additional 6,174 shares, bringing its total holdings to 136,171 shares valued at approximately $7.94 million.
• Multiple institutional investors, including Wellington Management Group, have significantly increased their positions in Roblox, contributing to 94.46% of the stock being owned by institutional investors.
• Roblox recently reported a quarterly EPS of ($0.41), missing analyst expectations, but revenue increased by 50.5% year-over-year to $1.44 billion.

TD Asset Management Inc grew its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,171 shares of the company's stock after purchasing an additional 6,174 shares during the period. TD Asset Management Inc's holdings in Roblox were worth $7,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares during the last quarter. Durable Capital Partners LP acquired a new stake in shares of Roblox in the fourth quarter valued at $246,560,000. Ninety One UK Ltd acquired a new stake in shares of Roblox in the first quarter valued at $137,379,000. Whale Rock Capital Management LLC lifted its position in Roblox by 95.8% during the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock worth $275,137,000 after buying an additional 2,326,588 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Roblox by 210.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock worth $189,840,000 after buying an additional 2,207,897 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 1,375,002 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the completion of the transaction, the chief executive officer directly owned 221,983 shares of the company's stock, valued at $16,024,952.77. This represents a 86.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 6,651,690 shares of company stock worth $593,440,562. 12.92% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RBLX. The Goldman Sachs Group upped their price target on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Raymond James Financial lowered Roblox from a "strong-buy" rating to an "outperform" rating and increased their price objective for the company from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Piper Sandler increased their price objective on Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Roth Mkm increased their price objective on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Citigroup increased their price objective on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and a consensus target price of $117.59.

Roblox Stock Down 9.2%

RBLX stock traded down $12.63 during trading on Friday, reaching $125.16. The stock had a trading volume of 14,997,187 shares, compared to its average volume of 8,640,285. Roblox Corporation has a one year low of $35.30 and a one year high of $150.59. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The company's 50 day moving average is $105.05 and its two-hundred day moving average is $78.67. The company has a market capitalization of $84.89 billion, a price-to-earnings ratio of -87.52 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). Roblox had a negative return on equity of 417.87% and a negative net margin of 23.67%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company posted ($0.32) earnings per share. The company's revenue for the quarter was up 50.5% on a year-over-year basis. Equities research analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Roblox Company Profile

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.