Swiss National Bank Lowers Position in Roblox Co. (NYSE:RBLX)

Swiss National Bank reduced its stake in Roblox Co. (NYSE:RBLX) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,329,000 shares of the company’s stock after selling 23,500 shares during the period. Swiss National Bank’s holdings in Roblox were worth $60,762,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Roblox by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 44,593,008 shares of the company’s stock valued at $1,291,414,000 after acquiring an additional 10,025,779 shares during the period. Ieq Capital LLC increased its holdings in Roblox by 158.0% in the 3rd quarter. Ieq Capital LLC now owns 9,151,748 shares of the company’s stock valued at $265,035,000 after purchasing an additional 5,604,995 shares during the last quarter. Morgan Stanley raised its position in Roblox by 13.7% in the third quarter. Morgan Stanley now owns 41,014,115 shares of the company’s stock valued at $1,187,769,000 after purchasing an additional 4,927,848 shares during the period. Artisan Partners Limited Partnership lifted its stake in Roblox by 123.5% during the third quarter. Artisan Partners Limited Partnership now owns 3,267,763 shares of the company’s stock worth $94,634,000 after purchasing an additional 1,805,567 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Roblox by 20.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,145,602 shares of the company’s stock worth $235,897,000 after purchasing an additional 1,368,347 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the transaction, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at $3,906,520. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Mark Reinstra sold 12,531 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $40.75, for a total value of $510,638.25. Following the completion of the sale, the insider now owns 249,779 shares in the company, valued at approximately $10,178,494.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 3,777 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the sale, the chief accounting officer now owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The disclosure for this sale can be found here. Insiders sold a total of 712,374 shares of company stock valued at $29,639,338 over the last ninety days. Insiders own 22.15% of the company’s stock.

Roblox Stock Performance

Shares of NYSE RBLX opened at $39.24 on Monday. The stock’s 50-day simple moving average is $38.06 and its 200-day simple moving average is $39.33. The company has a debt-to-equity ratio of 14.64, a current ratio of 1.07 and a quick ratio of 1.07. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.20.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. Roblox had a negative net margin of 41.15% and a negative return on equity of 770.71%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company earned ($0.48) earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. Equities research analysts forecast that Roblox Co. will post -2.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $41.00 to $48.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus restated a “buy” rating and issued a $53.00 price objective on shares of Roblox in a report on Monday, April 22nd. BMO Capital Markets upped their target price on shares of Roblox from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Wedbush raised their price target on shares of Roblox from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $47.60.

About Roblox

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.