XTX Topco Ltd Decreases Stake in Roblox Co. (NYSE:RBLX)

XTX Topco Ltd reduced its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 63.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,440 shares of the company's stock after selling 32,469 shares during the period. XTX Topco Ltd's holdings in Roblox were worth $1,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RBLX. Vanguard Group Inc. boosted its holdings in Roblox by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock worth $3,080,449,000 after acquiring an additional 462,450 shares in the last quarter. FMR LLC increased its stake in Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after purchasing an additional 18,715,837 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in shares of Roblox by 74,400.8% in the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after buying an additional 3,507,901 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Roblox by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after acquiring an additional 246,610 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Price Performance

Shares of RBLX stock traded up $0.67 during trading hours on Friday, reaching $59.76. The stock had a trading volume of 5,118,708 shares, compared to its average volume of 7,882,465. The stock's fifty day simple moving average is $59.28 and its 200 day simple moving average is $56.68. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The firm has a market capitalization of $37.56 billion, a PE ratio of -41.22 and a beta of 1.49. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74.

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

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12. Following the sale, the chief accounting officer now owns 75,583 shares in the company, valued at $4,636,261.22. This trade represents a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Reinstra sold 24,000 shares of the company's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00. Following the completion of the transaction, the insider now owns 281,161 shares of the company's stock, valued at $18,525,698.29. The trade was a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 926,954 shares of company stock valued at $56,936,331. 22.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RBLX has been the subject of several analyst reports. The Goldman Sachs Group increased their price objective on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Macquarie raised their price objective on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Morgan Stanley reduced their target price on shares of Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday. Wedbush reissued an "outperform" rating and set a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Finally, FBN Securities started coverage on shares of Roblox in a research report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roblox presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

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.