Franklin Resources Inc. Lowers Holdings in Roblox Co. (NYSE:RBLX)

Franklin Resources Inc. lessened its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,032,382 shares of the company's stock after selling 668,423 shares during the quarter. Franklin Resources Inc. owned approximately 0.99% of Roblox worth $349,034,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Legacy Inc. acquired a new stake in shares of Roblox during the 4th quarter valued at about $205,000. B. Metzler seel. Sohn & Co. AG grew its holdings in Roblox by 25.3% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 11,179 shares of the company's stock valued at $647,000 after purchasing an additional 2,257 shares during the period. Alliancebernstein L.P. increased its position in shares of Roblox by 68.8% in the fourth quarter. Alliancebernstein L.P. now owns 317,793 shares of the company's stock valued at $18,388,000 after buying an additional 129,537 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Roblox by 255.1% during the 4th quarter. Wellington Management Group LLP now owns 2,124,122 shares of the company's stock worth $122,902,000 after buying an additional 1,526,020 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Roblox during the 4th quarter valued at approximately $716,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Buying and Selling at Roblox

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 shares were sold at an average price of $71.62, for a total value of $9,923,309.10. Following the sale, the chief executive officer now directly owns 129,301 shares of the company's stock, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Guthrie sold 26,154 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total transaction of $1,724,594.76. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 947,666 shares of company stock valued at $61,513,341 over the last 90 days. 22.15% of the stock is owned by insiders.

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Roblox Trading Down 5.5 %

RBLX traded down $3.38 during trading hours on Thursday, reaching $58.23. The company's stock had a trading volume of 6,556,835 shares, compared to its average volume of 7,823,540. The stock has a market cap of $36.05 billion, a PE ratio of -40.16 and a beta of 1.49. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The business's 50-day moving average is $62.88 and its 200-day moving average is $55.80.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

RBLX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Wedbush restated an "outperform" rating and set a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Macquarie lifted their price objective on Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Citigroup increased their target price on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $72.00 price target (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $64.23.

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.