Temasek Holdings Private Ltd Has $609.68 Million Position in Roblox Co. (NYSE:RBLX)

Temasek Holdings Private Ltd trimmed its stake in Roblox Co. (NYSE:RBLX - Free Report) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,774,889 shares of the company's stock after selling 243,623 shares during the quarter. Roblox accounts for 2.5% of Temasek Holdings Private Ltd's portfolio, making the stock its 13th largest position. Temasek Holdings Private Ltd owned about 2.27% of Roblox worth $609,677,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Impact Partnership Wealth LLC grew 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 buying an additional 245 shares in the last quarter. Swedbank AB increased its stake in shares of Roblox by 0.5% during the 2nd quarter. Swedbank AB now owns 53,297 shares of the company's stock worth $1,983,000 after purchasing an additional 285 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of Roblox by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 6,003 shares of the company's stock valued at $266,000 after purchasing an additional 288 shares in the last quarter. Thrive Wealth Management LLC increased its position in Roblox by 4.3% during the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company's stock worth $274,000 after buying an additional 300 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Roblox by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company's stock valued at $296,000 after buying an additional 321 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Roblox Price Performance

Roblox stock traded down $0.13 on Friday, reaching $58.81. The company's stock had a trading volume of 5,752,431 shares, compared to its average volume of 7,645,167. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $59.80. The company has a market cap of $35.73 billion, a price-to-earnings ratio of -35.95 and a beta of 1.50. 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 business's fifty day moving average price is $47.03 and its 200 day moving average price is $42.08.

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

Insider Activity

In related news, Director Anthony P. Lee sold 25,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $51.19, for a total transaction of $1,279,750.00. Following the completion of the transaction, the director now directly owns 5,706,695 shares in the company, valued at approximately $292,125,717.05. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Manuel Bronstein sold 40,739 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $1,833,255.00. Following the transaction, the insider now owns 727,485 shares of the company's stock, valued at approximately $32,736,825. This represents a 5.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,038,607 shares of company stock valued at $49,713,872. Company insiders own 22.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RBLX shares. BTIG Research boosted their target price on Roblox from $51.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Wedbush reaffirmed an "outperform" rating and set a $49.00 price objective on shares of Roblox in a report on Friday, October 25th. Piper Sandler lifted their target price on shares of Roblox from $54.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Morgan Stanley raised Roblox from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $38.00 to $65.00 in a research report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price objective on Roblox from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $55.30.

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.