Capital International Inc. CA Raises Holdings in Roblox Corporation $RBLX

Capital International Inc. CA raised its holdings in shares of Roblox Corporation (NYSE:RBLX) by 54.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 314,617 shares of the company’s stock after acquiring an additional 111,379 shares during the quarter. Capital International Inc. CA’s holdings in Roblox were worth $25,493,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Baird Financial Group Inc. boosted its stake in Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock valued at $767,000 after purchasing an additional 102 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Roblox by 58.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock valued at $39,000 after purchasing an additional 105 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Roblox by 2.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock valued at $560,000 after purchasing an additional 110 shares during the last quarter. Westpac Banking Corp raised its stake in Roblox by 0.6% during the 3rd quarter. Westpac Banking Corp now owns 20,043 shares of the company’s stock valued at $2,776,000 after buying an additional 115 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Roblox by 1.3% during the 2nd quarter. NewEdge Advisors LLC now owns 10,374 shares of the company’s stock valued at $1,091,000 after buying an additional 138 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gregory Baszucki sold 16,666 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $57.95, for a total value of $965,794.70. Following the transaction, the director directly owned 1,302,834 shares of the company’s stock, valued at approximately $75,499,230.30. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Baszucki sold 50,628 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total value of $2,292,435.84. Following the completion of the transaction, the chief executive officer directly owned 852,214 shares in the company, valued at approximately $38,588,249.92. This represents a 5.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 183,471 shares of company stock worth $8,930,068 in the last quarter. Company insiders own 10.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RBLX shares. The Goldman Sachs Group lowered their price target on Roblox from $125.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Citigroup lowered their price target on Roblox from $90.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, May 4th. TD Cowen raised Roblox from a “sell” rating to a “hold” rating and lowered their price target for the company from $54.00 to $49.00 in a report on Friday, May 1st. Wells Fargo & Company lowered their price target on Roblox from $97.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. Finally, Piper Sandler cut Roblox from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $100.00 to $50.00 in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $87.07.

Roblox Price Performance

Shares of Roblox stock opened at $41.92 on Monday. Roblox Corporation has a one year low of $40.15 and a one year high of $150.59. The stock’s fifty day moving average is $51.24 and its 200 day moving average is $67.20. The stock has a market cap of $28.15 billion, a P/E ratio of -26.53 and a beta of 1.44. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned ($0.32) EPS. Roblox’s revenue for the quarter was up 43.4% compared to the same quarter last year. Sell-side analysts anticipate that Roblox Corporation will post -1.4 earnings per share for the current year.

Roblox declared that its Board of Directors has approved a share buyback program on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Roblox 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.