Roblox Co. (NYSE:RBLX) Holdings Cut by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its stake in Roblox Co. (NYSE:RBLX - Free Report) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,784,863 shares of the company's stock after selling 357,702 shares during the quarter. Roblox makes up 1.0% of Baillie Gifford & Co.'s portfolio, making the stock its 25th biggest holding. Baillie Gifford & Co. owned 4.74% of Roblox worth $1,274,018,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Roblox by 98.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company's stock worth $42,000 after acquiring an additional 548 shares during the period. Empowered Funds LLC boosted its stake in Roblox by 29.5% during the first quarter. Empowered Funds LLC now owns 6,267 shares of the company's stock valued at $239,000 after buying an additional 1,426 shares during the last quarter. Forsta AP Fonden boosted its stake in Roblox by 13.9% during the first quarter. Forsta AP Fonden now owns 91,800 shares of the company's stock valued at $3,505,000 after buying an additional 11,200 shares during the last quarter. Sei Investments Co. boosted its stake in Roblox by 18.3% during the first quarter. Sei Investments Co. now owns 288,112 shares of the company's stock valued at $11,000,000 after buying an additional 44,557 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Roblox by 261.0% during the first quarter. Russell Investments Group Ltd. now owns 120,218 shares of the company's stock valued at $4,590,000 after buying an additional 86,916 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company's stock.

Insider Buying and Selling at Roblox

In other news, insider Arvind Chakravarthy sold 592 shares of Roblox stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total transaction of $25,645.44. Following the completion of the sale, the insider now directly owns 276,892 shares in the company, valued at approximately $11,994,961.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Arvind Chakravarthy sold 592 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total transaction of $25,645.44. Following the completion of the sale, the insider now directly owns 276,892 shares of the company's stock, valued at approximately $11,994,961.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Reinstra sold 12,000 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the completion of the sale, the insider now owns 342,656 shares in the company, valued at approximately $13,706,240. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,029,373 shares of company stock valued at $46,476,179. 22.15% of the stock is owned by corporate insiders.

Roblox Price Performance

Shares of RBLX stock traded up $0.12 during trading hours on Tuesday, reaching $54.68. The company had a trading volume of 2,421,840 shares, compared to its average volume of 7,487,315. The company has a market capitalization of $33.22 billion, a price-to-earnings ratio of -33.27 and a beta of 1.56. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a fifty day moving average of $44.68 and a 200-day moving average of $40.09.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to analysts' expectations of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.45) earnings per share. On average, equities analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RBLX shares. Wedbush reaffirmed an "outperform" rating and issued a $49.00 price objective on shares of Roblox in a research note on Friday, October 25th. Morgan Stanley raised Roblox from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $38.00 to $65.00 in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Canaccord Genuity Group raised their price objective on Roblox from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $62.00 price objective (up from $56.00) on shares of Roblox in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $55.30.

Roblox 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.