Roblox Co. (NYSE:RBLX) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 131,389 shares of the company's stock after selling 16,856 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Roblox were worth $7,698,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Versant Capital Management Inc boosted its position in Roblox by 83.9% in the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after buying an additional 239 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares during the period. EverSource Wealth Advisors LLC grew its stake in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity

In other news, CEO David Baszucki sold 138,555 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the sale, the chief executive officer now owns 129,301 shares of the company's stock, valued at $9,260,537.62. The trade was a 51.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the transaction, the chief financial officer now directly owns 417,079 shares of the company's stock, valued at $27,502,189.26. The trade was a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 902,954 shares of company stock valued at $55,354,971 in the last three months. 22.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Roth Mkm lifted their price objective on Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Macquarie boosted their price target on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Barclays reduced their price objective on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. OTR Global upgraded shares of Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and an average target price of $64.50.

Roblox Stock Performance

NYSE:RBLX traded down $0.17 during midday trading on Monday, reaching $66.41. The stock had a trading volume of 5,733,458 shares, compared to its average volume of 7,864,376. The stock has a market cap of $41.74 billion, a P/E ratio of -45.80 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $75.74. The firm has a fifty day simple moving average of $59.06 and a two-hundred day simple moving average of $57.65.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, equities analysts expect that Roblox Co. will post -1.49 EPS for the current year.

About Roblox

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.