Roblox Co. (NYSE:RBLX) Shares Sold by Westpac Banking Corp

Westpac Banking Corp lessened its stake in Roblox Co. (NYSE:RBLX - Free Report) by 42.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,277 shares of the company's stock after selling 12,973 shares during the period. Westpac Banking Corp's holdings in Roblox were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RBLX. Wealthfront Advisers LLC lifted its position in Roblox by 74,400.8% during the fourth 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 during the last quarter. ValueAct Holdings L.P. lifted its holdings in shares of Roblox by 340.7% during the 3rd 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 last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Roblox by 1,084.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock valued at $278,500,000 after purchasing an additional 4,406,885 shares during the last quarter. Ieq Capital LLC boosted its position in shares of Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock worth $960,049,000 after purchasing an additional 3,507,901 shares in the last quarter. Finally, Norges Bank purchased a new position in Roblox during the 4th quarter worth $167,211,000. 94.46% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the transaction, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 50,000 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00. Following the sale, the insider now owns 281,161 shares in the company, valued at approximately $18,269,841.78. This trade represents a 15.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,003,666 shares of company stock valued at $64,800,781. Company insiders own 22.15% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on RBLX. Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. OTR Global raised shares of Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. HSBC began coverage on shares of Roblox in a report on Thursday, December 12th. They set a "buy" rating and a $63.00 price objective on the stock. Morgan Stanley boosted their price target on Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, FBN Securities initiated coverage on Roblox in a research note 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, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.23.

Roblox Trading Up 1.2 %

Shares of RBLX traded up $0.64 during mid-day trading on Wednesday, reaching $51.86. The stock had a trading volume of 2,185,408 shares, compared to its average volume of 7,831,427. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market cap of $32.10 billion, a price-to-earnings ratio of -35.68 and a beta of 1.49. The business's fifty day moving average is $61.40 and its 200 day moving average is $56.05. Roblox Co. has a 52-week low of $29.55 and a 52-week 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 analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. On average, sell-side analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

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.