Institution Lowers Stake in Roblox
Stock Market
AE Wealth Management LLC lowered its stake in shares of Roblox Co. (NYSE:RBLX–Get Rating) by 16.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,296 shares of the company’s stock after selling 1,617 shares during the period. AE Wealth Management LLC’s holdings in Roblox were worth $384,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of RBLX. Altos Ventures Management Inc. purchased a new position in Roblox in the 4th quarter valued at approximately $8,539,770,000. Jennison Associates LLC boosted its position in Roblox by 106.0% in the 4th quarter. Jennison Associates LLC now owns 13,427,652 shares of the company’s stock valued at $1,385,197,000 after buying an additional 6,908,284 shares during the period. Renaissance Technologies LLC boosted its position in Roblox by 131,594.9% in the 4th quarter. Renaissance Technologies LLC now owns 5,399,491 shares of the company’s stock valued at $557,011,000 after buying an additional 5,395,391 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Roblox by 2,731.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,478,353 shares of the company’s stock valued at $255,667,000 after buying an additional 2,390,829 shares during the period. Finally, Nuveen Asset Management LLC purchased a new position in Roblox in the 4th quarter valued at approximately $141,220,000. 68.00% of the stock is owned by hedge funds and other institutional investors.
Price of RBLX
Shares ofRBLXopened at $41.25 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.74. The firm’s 50-day moving average is $31.38 and its two-hundred day moving average is $48.86. Roblox Co. has a twelve month low of $21.65 and a twelve month high of $141.60. The firm has a market capitalization of $22.35 billion, a P/E ratio of -45.83 and a beta of 1.49.
Roblox (NYSE:RBLX–Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.05). Roblox had a negative return on equity of 89.70% and a negative net margin of 25.01%. The company had revenue of $631.21 million for the quarter, compared to analyst estimates of $649.48 million. During the same quarter in the previous year, the company posted ($0.46) earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts predict that Roblox Co. will post -1.04 EPS for the current year.
A number of equities research analysts have recently weighed in on RBLX shares. Wedbush started coverage on shares of Roblox in a report on Monday, May 9th. They issued a “neutral” rating and a $28.00 price objective on the stock. Jefferies Financial Group lifted their price target on shares of Roblox from $24.00 to $30.00 in a research note on Thursday, June 9th. Daiwa Capital Markets cut their price target on shares of Roblox from $56.00 to $38.00 in a research note on Tuesday, May 17th. Benchmark cut their price target on shares of Roblox from $45.00 to $21.00 in a research note on Wednesday, June 15th. Finally, Morgan Stanley cut their price target on shares of Roblox from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Roblox has a consensus rating of “Hold” and a consensus price target of $45.06.
In other news, CFOMichael Guthriesold 7,882 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $30.34, for a total value of $239,139.88. Following the sale, the chief financial officer now directly owns 208,343 shares in the company, valued at $6,321,126.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed throughthe SEC website. Also, insiderManuel Bronsteinsold 32,695 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $30.34, for a total transaction of $991,966.30. Following the completion of the sale, the insider now owns 839,977 shares in the company, valued at $25,484,902.18. The disclosure for this sale can be foundhere. Corporate insiders own 28.22% of the company’s stock.
Roblox Profile(Get Rating)
Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.
source:defenseworld
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