MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Stock Holdings in Roblox Co. (NYSE:RBLX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,098 shares of the company's stock after selling 43,201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Roblox were worth $9,785,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Roblox by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock valued at $3,080,449,000 after purchasing an additional 462,450 shares during the last quarter. FMR LLC lifted its stake in Roblox by 89.4% in the fourth 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. Wealthfront Advisers LLC lifted its stake in Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the last quarter. Ieq Capital LLC lifted its stake in Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after purchasing an additional 3,507,901 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Roblox by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock valued at $495,564,000 after purchasing an additional 246,610 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Price Performance

Shares of Roblox stock traded up $1.26 during trading on Thursday, hitting $82.42. The stock had a trading volume of 2,257,262 shares, compared to its average volume of 7,710,638. The firm has a market cap of $51.92 billion, a price-to-earnings ratio of -56.84 and a beta of 1.46. Roblox Co. has a 12 month low of $31.59 and a 12 month high of $83.04. The business's 50-day moving average is $64.24 and its 200 day moving average is $61.35. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business earned ($0.43) earnings per share. The firm's quarterly revenue was up 30.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO David Baszucki sold 229,167 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.48, for a total value of $12,026,684.16. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $11,649,667.84. The trade was a 50.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Guthrie sold 50,000 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $61.14, for a total transaction of $3,057,000.00. Following the completion of the transaction, the chief financial officer now owns 395,465 shares of the company's stock, valued at $24,178,730.10. This trade represents a 11.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,383,992 shares of company stock worth $164,205,587. Corporate insiders own 22.15% of the company's stock.

Analyst Upgrades and Downgrades

RBLX has been the topic of several research analyst reports. 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 objective on the stock. Benchmark boosted their target price on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Morgan Stanley lowered their target price 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. OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. Finally, Moffett Nathanson cut shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price on the stock. in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.68.

About Roblox

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.