Roblox Co. (NYSE:RBLX) Holdings Reduced by USS Investment Management Ltd

USS Investment Management Ltd cut its stake in Roblox Co. (NYSE:RBLX - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,730 shares of the company's stock after selling 18,780 shares during the period. USS Investment Management Ltd's holdings in Roblox were worth $5,249,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Smith Group Asset Management LLC increased its stake in shares of Roblox by 939.6% during the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company's stock worth $3,994,000 after purchasing an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Roblox in the 4th quarter worth approximately $363,000. Silicon Valley Capital Partners grew its stake in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company's stock worth $3,998,000 after acquiring an additional 66,882 shares during the period. V Square Quantitative Management LLC grew its stake in Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company's stock worth $149,000 after acquiring an additional 1,971 shares during the period. Finally, Amundi grew its stake in Roblox by 111.4% in the 4th quarter. Amundi now owns 3,191,137 shares of the company's stock worth $198,010,000 after acquiring an additional 1,681,263 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on RBLX shares. Roth Mkm lifted their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and issued a $83.00 target price on shares of Roblox in a research note on Thursday, April 24th. Benchmark lifted their price target on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Moffett Nathanson cut shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a research note on Friday, February 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $68.68.

Insider Activity

In other news, CFO Michael Guthrie sold 50,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total value of $3,007,000.00. Following the sale, the chief financial officer now owns 395,465 shares in the company, valued at approximately $23,783,265.10. This represents a 11.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 982 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the sale, the insider now owns 204,261 shares in the company, valued at approximately $12,513,028.86. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,483,021 shares of company stock worth $173,620,975. 12.92% of the stock is currently owned by corporate insiders.

Roblox Stock Down 0.6%

NYSE:RBLX traded down $0.49 on Wednesday, reaching $84.94. The stock had a trading volume of 1,966,574 shares, compared to its average volume of 7,711,415. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The company has a 50-day moving average of $66.29 and a 200 day moving average of $62.28. The stock has a market cap of $53.51 billion, a P/E ratio of -58.61 and a beta of 1.46. Roblox Co. has a 12-month low of $32.30 and a 12-month high of $85.92.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.43) EPS. On average, research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Roblox 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.