Pictet Asset Management Holding SA lowered its position in Roblox Co. (NYSE:RBLX - Free Report) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,095 shares of the company's stock after selling 37,874 shares during the quarter. Pictet Asset Management Holding SA's holdings in Roblox were worth $10,189,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Roblox by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock worth $3,080,449,000 after purchasing an additional 462,450 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock worth $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. Ieq Capital LLC lifted its position in shares of Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after buying an additional 3,507,901 shares during the period. State Street Corp boosted its stake in Roblox by 2.3% in the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company's stock valued at $480,482,000 after buying an additional 240,565 shares in the last quarter. Finally, ValueAct Holdings L.P. grew its position in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock valued at $448,616,000 after acquiring an additional 7,835,921 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.
Roblox Trading Down 1.0 %
NYSE RBLX traded down $0.55 during trading on Monday, reaching $52.41. 7,626,997 shares of the stock traded hands, compared to its average volume of 7,855,873. The stock's 50-day moving average price is $62.13 and its 200 day moving average price is $56.05. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm has a market cap of $32.44 billion, a price-to-earnings ratio of -36.15 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.
Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating 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%. Analysts predict that Roblox Co. will post -1.49 EPS for the current year.
Analyst Upgrades and Downgrades
RBLX has been the topic of several recent analyst reports. Piper Sandler restated an "overweight" rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Barclays reduced their price target on shares of Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Moffett Nathanson lowered shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective for the company. in a report on Friday, February 7th. HSBC started coverage on Roblox in a report on Thursday, December 12th. They issued a "buy" rating and a $63.00 target price on the stock. Finally, Wedbush reaffirmed an "outperform" rating and set a $83.00 price target on shares of Roblox in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $64.23.
Get Our Latest Stock Report on Roblox
Insider Activity
In other Roblox news, insider Mark Reinstra sold 50,000 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $64.98, for a total value of $3,249,000.00. Following the transaction, the insider now owns 281,161 shares of the company's stock, valued at approximately $18,269,841.78. The trade was a 15.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total transaction of $60,157.32. Following the sale, the insider now directly owns 204,261 shares of the company's stock, valued at $12,513,028.86. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 947,666 shares of company stock worth $61,513,341 in the last 90 days. Corporate insiders own 22.15% of the company's stock.
About Roblox
(
Free Report)
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.
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