Franklin Resources Inc. Has $357.04 Million Holdings in Roblox Co. (NYSE:RBLX)

Franklin Resources Inc. grew its stake in Roblox Co. (NYSE:RBLX - Free Report) by 195.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,809,329 shares of the company's stock after buying an additional 5,162,833 shares during the quarter. Franklin Resources Inc. owned 1.36% of Roblox worth $357,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Roblox in the 4th quarter valued at about $25,000. Blue Trust Inc. increased its stake in shares of Roblox by 566.5% in the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company's stock valued at $49,000 after purchasing an additional 912 shares in the last quarter. Allworth Financial LP increased its stake in shares of Roblox by 90.2% in the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company's stock valued at $57,000 after purchasing an additional 587 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of Roblox in the 4th quarter valued at about $58,000. Finally, Principal Securities Inc. purchased a new position in shares of Roblox in the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 91.08% of the company's stock.

Roblox Stock Down 3.1 %

Shares of NYSE RBLX traded down $1.05 during mid-day trading on Tuesday, hitting $32.54. The company had a trading volume of 9,161,100 shares, compared to its average volume of 8,293,875. The company has a market capitalization of $19.24 billion, a PE ratio of -17.49 and a beta of 1.63. The company has a debt-to-equity ratio of 16.04, a current ratio of 1.07 and a quick ratio of 1.07. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.20. The business's 50-day simple moving average is $36.54 and its 200 day simple moving average is $39.51.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.43) earnings per share for the quarter, beating analysts' consensus estimates of ($0.53) by $0.10. Roblox had a negative return on equity of 1,110.40% and a negative net margin of 39.19%. The company had revenue of $923.76 million for the quarter, compared to analysts' expectations of $918.85 million. During the same period last year, the firm earned ($0.44) earnings per share. Roblox's quarterly revenue was up 19.4% on a year-over-year basis. On average, analysts predict that Roblox Co. will post -1.7 earnings per share for the current year.

Insider Transactions at Roblox

In related news, Director Andrea L. Wong sold 5,276 shares of the firm's stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $31.13, for a total transaction of $164,241.88. Following the transaction, the director now owns 26,319 shares of the company's stock, valued at $819,310.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Gregory Baszucki sold 13,000 shares of the business's stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $35.08, for a total transaction of $456,040.00. Following the sale, the director now owns 9,747,603 shares of the company's stock, valued at approximately $341,945,913.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea L. Wong sold 5,276 shares of the business's stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $31.13, for a total value of $164,241.88. Following the sale, the director now directly owns 26,319 shares in the company, valued at approximately $819,310.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 317,650 shares of company stock worth $12,155,579. Corporate insiders own 22.15% of the company's stock.

Analysts Set New Price Targets

RBLX has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Roblox from $55.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, May 10th. BTIG Research cut their price objective on Roblox from $54.00 to $46.00 and set a "buy" rating for the company in a research note on Friday, May 10th. Stifel Nicolaus reiterated a "buy" rating and set a $53.00 price objective on shares of Roblox in a research note on Monday, April 22nd. Roth Mkm reiterated a "neutral" rating and set a $35.00 price objective (down from $55.00) on shares of Roblox in a research note on Tuesday, May 14th. Finally, Morgan Stanley cut their price objective on Roblox from $42.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, May 10th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.76.

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.