Vident Advisory LLC Has $2.68 Million Position in Roblox Co. (NYSE:RBLX)

Vident Advisory LLC lessened its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 23.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,246 shares of the company's stock after selling 13,866 shares during the period. Vident Advisory LLC's holdings in Roblox were worth $2,676,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Two Sigma Advisers LP lifted its position in shares of Roblox by 23.7% during the 4th quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company's stock valued at $419,867,000 after acquiring an additional 1,391,800 shares during the period. Two Sigma Investments LP raised its holdings in Roblox by 25.7% during the fourth quarter. Two Sigma Investments LP now owns 4,514,666 shares of the company's stock worth $261,219,000 after buying an additional 921,822 shares during the last quarter. Toronto Dominion Bank raised its holdings in Roblox by 7.3% during the fourth quarter. Toronto Dominion Bank now owns 64,476 shares of the company's stock worth $3,731,000 after buying an additional 4,384 shares during the last quarter. Siemens Fonds Invest GmbH raised its holdings in Roblox by 87.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 9,904 shares of the company's stock worth $573,000 after buying an additional 4,629 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in Roblox by 14.8% during the fourth quarter. Rafferty Asset Management LLC now owns 29,723 shares of the company's stock worth $1,720,000 after buying an additional 3,825 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 1,375,002 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $16,024,952.77. This represents a 86.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $57.99, for a total transaction of $347,940.00. Following the sale, the insider now directly owns 364,244 shares in the company, valued at approximately $21,122,509.56. This trade represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,383,992 shares of company stock valued at $164,205,587 over the last three months. 22.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on RBLX shares. BMO Capital Markets restated an "outperform" rating on shares of Roblox in a report on Friday, May 2nd. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wedbush reiterated an "outperform" rating and issued a $83.00 target price on shares of Roblox in a research note on Thursday, April 24th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $68.68.

Roblox Price Performance

RBLX opened at $81.23 on Thursday. The firm has a market cap of $51.18 billion, a P/E ratio of -56.02 and a beta of 1.46. The firm has a 50-day moving average of $64.24 and a 200 day moving average of $61.35. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a fifty-two week low of $31.59 and a fifty-two week high of $83.04.

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

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