Wellington Management Group LLP Increases Stock Position in Roblox Co. (NYSE:RBLX)

Wellington Management Group LLP lifted its stake in Roblox Co. (NYSE:RBLX - Free Report) by 10,307.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 598,102 shares of the company's stock after purchasing an additional 592,355 shares during the quarter. Wellington Management Group LLP owned about 0.10% of Roblox worth $26,472,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in Roblox during the 3rd quarter valued at $27,000. Frazier Financial Advisors LLC lifted its holdings in Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after buying an additional 624 shares during the period. PARK CIRCLE Co bought a new stake in Roblox during the 2nd quarter valued at $30,000. GAMMA Investing LLC increased its holdings in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company's stock valued at $41,000 after acquiring an additional 530 shares during the period. Finally, Gilliland Jeter Wealth Management LLC lifted its stake in shares of Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock worth $37,000 after purchasing an additional 506 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Stock Up 0.1 %

RBLX stock traded up $0.03 during midday trading on Friday, reaching $59.64. The stock had a trading volume of 3,089,587 shares, compared to its average volume of 7,651,143. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $61.05. The company's fifty day simple moving average is $48.52 and its 200 day simple moving average is $42.97. 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 (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts' consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. Roblox's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.45) EPS. Equities analysts expect that Roblox Co. will post -1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on RBLX shares. Macquarie boosted their target price on shares of Roblox from $50.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Needham & Company LLC boosted their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their price target on shares of Roblox from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. HSBC initiated coverage on Roblox in a research report on Thursday. They issued a "buy" rating and a $63.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.67.

Insider Transactions at Roblox

In other news, insider Mark Reinstra sold 17,000 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $45.58, for a total value of $774,860.00. Following the completion of the transaction, the insider now owns 327,009 shares of the company's stock, valued at approximately $14,905,070.22. This trade represents a 4.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Baszucki sold 333,334 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the completion of the transaction, the chief executive officer now directly owns 129,295 shares of the company's stock, valued at $7,409,896.45. This represents a 72.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,412,379 shares of company stock worth $71,728,919 in the last quarter. Company insiders own 22.15% of the company's stock.

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.