Baillie Gifford & Co. Sells 753,139 Shares of Roblox Co. (NYSE:RBLX)

Baillie Gifford & Co. trimmed its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,031,724 shares of the company's stock after selling 753,139 shares during the period. Roblox makes up approximately 1.2% of Baillie Gifford & Co.'s investment portfolio, making the stock its 21st largest position. Baillie Gifford & Co. owned about 4.61% of Roblox worth $1,621,916,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Simon Quick Advisors LLC boosted its stake in shares of Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after purchasing an additional 217 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 239 shares in the last quarter. Impact Partnership Wealth LLC boosted its stake in shares of Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company's stock valued at $298,000 after purchasing an additional 245 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock valued at $386,000 after purchasing an additional 245 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock valued at $69,000 after purchasing an additional 271 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Price Performance

Shares of Roblox stock traded down $0.95 on Thursday, reaching $62.69. The stock had a trading volume of 13,012,347 shares, compared to its average volume of 9,338,180. The business's 50 day moving average is $63.92 and its two-hundred day moving average is $52.10. The company has a market cap of $38.09 billion, a P/E ratio of -43.24 and a beta of 1.46. The company has a current ratio of 0.98, a quick 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 $75.74.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share 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 795.19%. As a group, research analysts anticipate that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In other Roblox news, insider Manuel Bronstein sold 10,492 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $49.45, for a total transaction of $518,829.40. Following the transaction, the insider now directly owns 618,154 shares in the company, valued at $30,567,715.30. This trade represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 138,555 shares of the firm'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 completion of the transaction, the chief executive officer now owns 129,301 shares in the company, valued at $9,260,537.62. This represents a 51.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,069,697 shares of company stock worth $65,912,475 over the last ninety days. Insiders own 22.15% of the company's stock.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. BTIG Research raised their price target on shares of Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Needham & Company LLC lifted their target price on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Benchmark lifted their target price on shares of Roblox from $60.00 to $71.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Macquarie lifted their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $64.19.

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.