Fifth Third Bancorp Has $1.05 Million Stock Position in Roblox Corporation $RBLX

Fifth Third Bancorp grew its holdings in shares of Roblox Corporation (NYSE:RBLXFree Report) by 5,756.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 18,624 shares of the company’s stock after purchasing an additional 18,306 shares during the period. Fifth Third Bancorp’s holdings in Roblox were worth $1,053,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RBLX. Vanguard Group Inc. increased its holdings in Roblox by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock valued at $5,142,065,000 after purchasing an additional 1,020,786 shares during the period. Capital International Investors raised its position in Roblox by 7.3% during the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock worth $2,589,282,000 after purchasing an additional 2,184,439 shares during the last quarter. Morgan Stanley lifted its holdings in Roblox by 8.1% during the 4th quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock worth $1,679,664,000 after buying an additional 1,555,549 shares during the period. State Street Corp lifted its holdings in Roblox by 3.3% during the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock worth $1,119,216,000 after buying an additional 442,518 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Roblox by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock valued at $988,002,000 after buying an additional 547,103 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Performance

RBLX stock opened at $47.51 on Friday. The stock has a 50-day moving average price of $49.27 and a 200-day moving average price of $57.97. Roblox Corporation has a 1-year low of $40.15 and a 1-year high of $150.59. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45. The firm has a market cap of $31.91 billion, a PE ratio of -30.07 and a beta of 1.41.

Roblox (NYSE:RBLXGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned ($0.32) EPS. The firm’s revenue was up 43.4% compared to the same quarter last year. As a group, equities research analysts expect that Roblox Corporation will post -1.39 earnings per share for the current year.

Roblox announced that its board has approved a share repurchase program on Tuesday, May 19th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 9.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

RBLX has been the subject of several recent research reports. Barclays raised Roblox from an “equal weight” rating to an “outperform” rating in a research note on Monday, June 29th. Roth Capital set a $65.00 target price on Roblox in a report on Tuesday, May 5th. Jefferies Financial Group downgraded shares of Roblox from a “hold” rating to a “hold” rating in a research report on Friday, May 1st. Wells Fargo & Company raised their price target on shares of Roblox from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Finally, Arete Research set a $95.00 price target on shares of Roblox and gave the stock a “buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.85.

Get Our Latest Stock Analysis on RBLX

Key Roblox News

Here are the key news stories impacting Roblox this week:

Insiders Place Their Bets

In other Roblox news, insider Sean Jack Buckley sold 4,744 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $46.36, for a total transaction of $219,931.84. Following the transaction, the insider directly owned 97,141 shares in the company, valued at approximately $4,503,456.76. This represents a 4.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total transaction of $2,292,435.84. Following the sale, the chief executive officer directly owned 852,214 shares of the company’s stock, valued at approximately $38,588,249.92. This trade represents a 5.61% decrease in their position. 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 a total of 161,983 shares of company stock valued at $7,580,990 in the last 90 days. Company insiders own 10.05% of the company’s stock.

Roblox Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding RBLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roblox Corporation (NYSE:RBLXFree Report).

Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.