Roblox Co. (NYSE:RBLX) is Temasek Holdings Private Ltd's 10th Largest Position

Temasek Holdings Private Ltd reduced its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,592,534 shares of the company's stock after selling 1,182,355 shares during the quarter. Roblox accounts for approximately 2.9% of Temasek Holdings Private Ltd's portfolio, making the stock its 10th largest holding. Temasek Holdings Private Ltd owned about 2.07% of Roblox worth $728,604,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Toronto Dominion Bank boosted its position in Roblox by 7.3% in the fourth quarter. Toronto Dominion Bank now owns 64,476 shares of the company's stock worth $3,731,000 after purchasing an additional 4,384 shares during the last quarter. Siemens Fonds Invest GmbH boosted its position in Roblox by 87.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 9,904 shares of the company's stock valued at $573,000 after buying an additional 4,629 shares during the period. Rafferty Asset Management LLC boosted its position in Roblox by 14.8% in the 4th quarter. Rafferty Asset Management LLC now owns 29,723 shares of the company's stock valued at $1,720,000 after buying an additional 3,825 shares during the period. Polar Asset Management Partners Inc. increased its stake in shares of Roblox by 21.7% during the fourth quarter. Polar Asset Management Partners Inc. now owns 82,000 shares of the company's stock valued at $4,745,000 after buying an additional 14,600 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in Roblox by 163.3% during the fourth quarter. Quantinno Capital Management LP now owns 90,362 shares of the company's stock worth $5,228,000 after buying an additional 56,046 shares during the period. 94.46% of the stock is owned by institutional investors.

Roblox Trading Down 0.6%

RBLX stock traded down $0.48 during mid-day trading on Wednesday, hitting $81.23. 6,533,463 shares of the company were exchanged, compared to its average volume of 7,731,752. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm has a market capitalization of $51.18 billion, a P/E ratio of -56.02 and a beta of 1.46. The business has a fifty day simple moving average of $63.74 and a 200-day simple moving average of $61.21. Roblox Co. has a 12-month low of $31.59 and a 12-month high of $83.01.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Roblox's revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.43) EPS. On average, equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 6,448 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.33, for a total transaction of $395,455.84. Following the transaction, the chief executive officer now owns 122,853 shares of the company's stock, valued at $7,534,574.49. This trade represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael Guthrie sold 21,614 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $1,325,802.76. Following the transaction, the chief financial officer now owns 395,465 shares of the company's stock, valued at approximately $24,257,823.10. The trade was a 5.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,432,954 shares of company stock valued at $167,209,673 in the last three months. 22.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RBLX. BMO Capital Markets restated an "outperform" rating on shares of Roblox in a report on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of Roblox in a research report on Thursday, April 24th. Oppenheimer lifted their price objective on shares of Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. FBN Securities initiated coverage on Roblox in a research note on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target for the company. Finally, Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.68.

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.