Swiss National Bank Sells 51,300 Shares of Roblox Co. (NYSE:RBLX)

Swiss National Bank trimmed its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,352,600 shares of the company's stock after selling 51,300 shares during the quarter. Swiss National Bank owned about 0.22% of Roblox worth $78,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its holdings in Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company's stock worth $926,924,000 after purchasing an additional 4,115,286 shares in the last quarter. Wealthfront Advisers LLC increased its stake 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 valued at $1,063,365,000 after acquiring an additional 17,312,325 shares in the last quarter. Ieq Capital LLC boosted its stake in Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after acquiring an additional 3,507,901 shares in the last quarter. State Street Corp grew its holdings in Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company's stock worth $480,482,000 after purchasing an additional 240,565 shares during the period. Finally, ValueAct Holdings L.P. raised its holdings in shares of Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock valued at $448,616,000 after purchasing an additional 7,835,921 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

In related news, CFO Michael Guthrie sold 26,154 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 417,079 shares in the company, valued at approximately $27,502,189.26. The trade was a 5.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the sale, the chief accounting officer now directly owns 75,528 shares in the company, valued at $4,909,320. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 916,367 shares of company stock valued at $59,700,949 over the last quarter. Company insiders own 22.15% of the company's stock.

Roblox Stock Performance

NYSE RBLX traded up $2.19 on Wednesday, hitting $58.17. 7,155,213 shares of the stock traded hands, compared to its average volume of 7,593,504. The firm has a market capitalization of $36.01 billion, a price-to-earnings ratio of -40.11 and a beta of 1.49. The business's fifty day moving average is $63.71 and its two-hundred day moving average is $54.65. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. 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 announced its quarterly earnings data 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 return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities analysts anticipate that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Roblox from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Wells Fargo & Company upped their target price on Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. HSBC initiated coverage on shares of Roblox in a research report on Thursday, December 12th. They issued a "buy" rating and a $63.00 price target for the company. Piper Sandler reaffirmed an "overweight" rating and issued a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. Finally, OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from 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.