Aberdeen Group plc Boosts Stock Position in Roblox Corporation $RBLX

Aberdeen Group plc raised its holdings in Roblox Corporation (NYSE:RBLX) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,041 shares of the company’s stock after buying an additional 19,942 shares during the period. Aberdeen Group plc’s holdings in Roblox were worth $16,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in RBLX. Vanguard Group Inc. raised its position in shares of Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after acquiring an additional 1,513,608 shares in the last quarter. State Street Corp raised its holdings in Roblox by 6.3% during the second quarter. State Street Corp now owns 12,043,269 shares of the company’s stock worth $1,266,952,000 after purchasing an additional 708,838 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Roblox by 9.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock worth $1,053,257,000 after buying an additional 834,230 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Roblox by 3.0% in the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock valued at $948,222,000 after buying an additional 261,984 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Roblox by 9.9% in the 2nd quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock valued at $667,457,000 after buying an additional 570,018 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 272,269 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the completion of the transaction, the chief executive officer directly owned 811,373 shares of the company’s stock, valued at $58,954,362.18. This represents a 25.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $92.54, for a total value of $6,107,640.00. Following the completion of the sale, the director directly owned 261,388 shares in the company, valued at $24,188,845.52. This represents a 20.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 698,310 shares of company stock valued at $53,285,181. Insiders own 12.92% of the company’s stock.

Roblox Trading Up 0.2%

NYSE:RBLX opened at $63.10 on Thursday. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. The stock’s 50 day simple moving average is $76.53 and its 200-day simple moving average is $104.63. The firm has a market cap of $41.75 billion, a P/E ratio of -40.71 and a beta of 1.63.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. Roblox’s quarterly revenue was up 122.6% on a year-over-year basis. During the same period last year, the firm posted ($0.33) EPS. Equities analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

RBLX has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. TD Cowen reaffirmed a “sell” rating on shares of Roblox in a research report on Tuesday, January 27th. Benchmark reiterated a “hold” rating on shares of Roblox in a research note on Monday, February 2nd. UBS Group set a $74.00 target price on shares of Roblox in a research report on Friday, February 6th. Finally, The Goldman Sachs Group cut their target price on shares of Roblox from $180.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average price target of $119.44.

Roblox Company 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.