Vanguard Group Inc. Acquires 1,020,786 Shares of Roblox Corporation $RBLX

Key Points

• Vanguard Group Inc. raised its stake in Roblox by 1.6% in Q4, purchasing 1,020,786 shares to hold 63,458,784 shares—about 9.69% of the company valued at roughly $5.14 billion.
• Institutional investors own 94.46% of Roblox, while insiders have sold 551,996 shares (about $38.4 million) in the past 90 days but still hold 12.92% of the stock.
• Analysts' consensus is a Moderate Buy with an average price target of $115.36 versus the current share price near $57.50; the company reported 122.6% revenue growth year-over-year but remains unprofitable with negative EPS and margins.

Vanguard Group Inc. raised its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,458,784 shares of the company's stock after buying an additional 1,020,786 shares during the period. Vanguard Group Inc. owned about 9.69% of Roblox worth $5,142,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RBLX. WPG Advisers LLC increased its stake in shares of Roblox by 17.8% during the third quarter. WPG Advisers LLC now owns 555 shares of the company's stock worth $77,000 after purchasing an additional 84 shares during the period. Baird Financial Group Inc. boosted its stake in Roblox by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company's stock valued at $767,000 after purchasing an additional 102 shares during the period. Sunbelt Securities Inc. boosted its stake in Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company's stock valued at $39,000 after purchasing an additional 105 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Roblox by 2.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company's stock valued at $560,000 after purchasing an additional 110 shares during the period. Finally, QTR Family Wealth LLC boosted its stake in Roblox by 2.6% in the 3rd quarter. QTR Family Wealth LLC now owns 4,446 shares of the company's stock valued at $616,000 after purchasing an additional 111 shares during the period. Institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

RBLX has been the subject of several recent research reports. Wedbush set a $90.00 price target on Roblox in a research note on Thursday. TD Cowen restated a "sell" rating on shares of Roblox in a research note on Tuesday, January 27th. DA Davidson initiated coverage on Roblox in a research note on Wednesday, March 4th. They issued a "neutral" rating and a $65.00 price target for the company. Wall Street Zen upgraded Roblox from a "sell" rating to a "hold" rating in a research note on Saturday, March 28th. Finally, Wolfe Research set a $100.00 price target on Roblox in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Roblox presently has an average rating of "Moderate Buy" and an average price target of $115.36.

Insider Transactions at Roblox

In other Roblox news, insider Mark Reinstra sold 18,653 shares of the firm's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $57.94, for a total value of $1,080,754.82. Following the sale, the insider owned 455,473 shares of the company's stock, valued at approximately $26,390,105.62. This trade represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Gregory Baszucki sold 16,666 shares of the firm's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $57.95, for a total value of $965,794.70. Following the completion of the sale, the director directly owned 1,302,834 shares in the company, valued at approximately $75,499,230.30. This represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 551,996 shares of company stock worth $38,421,146. 12.92% of the stock is owned by insiders.

Roblox Price Performance

Roblox stock opened at $57.54 on Tuesday. The stock's fifty day moving average price is $59.92 and its two-hundred day moving average price is $81.07. Roblox Corporation has a one year low of $51.23 and a one year high of $150.59. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $38.48 billion, a PE ratio of -37.12 and a beta of 1.67.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping analysts' consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the company earned ($0.33) EPS. The company's revenue was up 122.6% on a year-over-year basis. As a group, research analysts expect that Roblox Corporation will post -1.6 EPS for the current fiscal year.

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company's building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox's business model is built around its virtual economy and creator ecosystem.

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