Amundi Decreases Stake in Roblox Corporation $RBLX

Amundi reduced its stake in shares of Roblox Corporation (NYSE:RBLX) by 46.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,637,957 shares of the company’s stock after selling 2,322,849 shares during the quarter. Amundi’s holdings in Roblox were worth $270,127,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RBLX. ORG Partners LLC acquired a new position in shares of Roblox in the second quarter worth $33,000. Whipplewood Advisors LLC purchased a new stake in shares of Roblox during the 2nd quarter valued at $34,000. Generali Asset Management SPA SGR purchased a new stake in Roblox during the second quarter valued at about $40,000. Kiker Wealth Management LLC increased its position in Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after purchasing an additional 397 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Roblox in the second quarter worth $44,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Price Performance

Shares of RBLX opened at $96.28 on Friday. The firm has a market cap of $63.05 billion, a price-to-earnings ratio of -67.33 and a beta of 1.62. The stock has a 50 day moving average of $113.97 and a 200-day moving average of $114.06. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned ($0.37) earnings per share. The firm’s revenue was up 70.3% compared to the same quarter last year. As a group, analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In other news, CFO Naveen K. Chopra sold 19,424 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total transaction of $1,849,747.52. Following the completion of the transaction, the chief financial officer directly owned 337,036 shares in the company, valued at approximately $32,095,938.28. The trade was a 5.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.54, for a total value of $6,107,640.00. Following the completion of the transaction, the director directly owned 261,388 shares of the company’s stock, valued at $24,188,845.52. This trade represents a 20.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 382,508 shares of company stock valued at $40,838,541 over the last three months. 12.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RBLX has been the topic of a number of recent research reports. Morgan Stanley set a $170.00 price objective on Roblox and gave the stock an “overweight” rating in a research note on Monday, October 13th. Roth Capital reissued a “neutral” rating and set a $146.00 price target on shares of Roblox in a research report on Friday, October 17th. Macquarie increased their price objective on shares of Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Jefferies Financial Group lifted their price objective on shares of Roblox from $126.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Roblox from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Nineteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and an average price target of $135.78.

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.