Blue Whale Capital LLP Decreases Stock Holdings in Roblox Co. (NYSE:RBLX)

Blue Whale Capital LLP lowered its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 50.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 557,280 shares of the company's stock after selling 577,720 shares during the period. Roblox comprises approximately 1.9% of Blue Whale Capital LLP's holdings, making the stock its 16th largest holding. Blue Whale Capital LLP owned about 0.09% of Roblox worth $24,665,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in RBLX. Daiwa Securities Group Inc. lifted its holdings in Roblox by 5.6% during the third quarter. Daiwa Securities Group Inc. now owns 55,239 shares of the company's stock worth $2,445,000 after buying an additional 2,927 shares during the period. Swedbank AB raised its position in shares of Roblox by 22.5% in the 3rd quarter. Swedbank AB now owns 65,302 shares of the company's stock worth $2,890,000 after acquiring an additional 12,005 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of Roblox by 9.0% during the 3rd quarter. Penserra Capital Management LLC now owns 83,999 shares of the company's stock worth $3,716,000 after purchasing an additional 6,941 shares during the last quarter. Pitcairn Co. bought a new stake in Roblox during the third quarter valued at about $289,000. Finally, Algert Global LLC grew its stake in Roblox by 42.6% in the third quarter. Algert Global LLC now owns 18,906 shares of the company's stock valued at $837,000 after purchasing an additional 5,646 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 6,460 shares of Roblox stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $51.43, for a total value of $332,237.80. Following the sale, the chief executive officer now owns 129,295 shares of the company's stock, valued at approximately $6,649,641.85. This trade represents a 4.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 12,258 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $44.09, for a total transaction of $540,455.22. Following the transaction, the chief accounting officer now directly owns 87,360 shares in the company, valued at approximately $3,851,702.40. The trade was a 12.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,011,095 shares of company stock valued at $48,171,645 in the last ninety days. 22.15% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RBLX shares. JPMorgan Chase & Co. raised their price target on shares of Roblox from $51.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Macquarie upped their price target on Roblox from $50.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, November 4th. Benchmark boosted their target price on Roblox from $44.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group increased their price target on Roblox from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.30.

Roblox Price Performance

RBLX stock traded down $0.22 during trading on Monday, hitting $49.16. 8,756,204 shares of the company traded hands, compared to its average volume of 7,633,132. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $55.10. The stock's 50-day simple moving average is $46.00 and its 200 day simple moving average is $40.96.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results 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 firm had revenue of $919.00 million during the quarter, compared to analysts' expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business's revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.45) EPS. On average, sell-side analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Roblox Company 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.