Itau Unibanco Holding S.A. Reduces Stock Position in Roblox Co. (NYSE:RBLX)

Itau Unibanco Holding S.A. lowered its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 71.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,650 shares of the company's stock after selling 26,832 shares during the quarter. Itau Unibanco Holding S.A.'s holdings in Roblox were worth $471,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its holdings in Roblox by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company's stock valued at $2,318,000 after buying an additional 1,419 shares in the last quarter. Entropy Technologies LP lifted its stake in shares of Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company's stock valued at $4,410,000 after purchasing an additional 62,521 shares during the last quarter. Dragoneer Investment Group LLC lifted its stake in shares of Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company's stock valued at $437,039,000 after purchasing an additional 2,488,044 shares during the last quarter. FMR LLC lifted its stake in shares of Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company's stock valued at $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Roblox by 21.0% in the 3rd quarter. KBC Group NV now owns 64,633 shares of the company's stock valued at $2,860,000 after purchasing an additional 11,201 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company's stock.

Roblox Stock Up 1.1 %

RBLX stock traded up $0.60 on Wednesday, hitting $54.13. 2,949,858 shares of the company's stock were exchanged, compared to its average volume of 7,583,749. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The firm has a 50 day moving average price of $46.49 and a two-hundred day moving average price of $41.73. 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 market cap of $32.89 billion, a P/E ratio of -32.62 and a beta of 1.50.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts' consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company had revenue of $919.00 million during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm posted ($0.45) EPS. The firm's revenue was up 9.5% compared to the same quarter last year. As a group, equities research analysts expect that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

RBLX has been the subject of a number of research analyst reports. Needham & Company LLC raised their price target on Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Raymond James reissued a "strong-buy" rating and set a $60.00 price target on shares of Roblox in a research note on Friday, November 22nd. Wells Fargo & Company raised their price target on Roblox from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. BTIG Research raised their price target on Roblox from $51.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Macquarie raised their price target on Roblox from $50.00 to $58.00 and gave the stock an "outperform" 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. According to data from MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and an average target price of $55.30.

Insiders Place Their Bets

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the sale, the chief accounting officer now directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. The trade was a 2.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 25,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $52.34, for a total value of $1,308,500.00. Following the sale, the director now owns 5,731,695 shares of the company's stock, valued at approximately $299,996,916.30. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,038,607 shares of company stock valued at $49,713,872. 22.15% of the stock is owned by company insiders.

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.