Amundi Sells 2,322,849 Shares of Roblox Corporation $RBLX

Amundi lessened its position in shares of Roblox Corporation (NYSE:RBLX) by 46.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,637,957 shares of the company’s stock after selling 2,322,849 shares during the period. Amundi owned approximately 0.41% of Roblox worth $270,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers lifted its holdings in shares of Roblox by 10.7% during the 1st quarter. Cetera Investment Advisers now owns 34,183 shares of the company’s stock worth $1,993,000 after acquiring an additional 3,296 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Roblox by 2.6% in the first quarter. Bank of Nova Scotia now owns 21,300 shares of the company’s stock valued at $1,242,000 after acquiring an additional 533 shares during the period. Blair William & Co. IL raised its holdings in shares of Roblox by 15.8% during the first quarter. Blair William & Co. IL now owns 11,169 shares of the company’s stock valued at $651,000 after acquiring an additional 1,527 shares in the last quarter. Vanguard Group Inc. raised its stake in Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after buying an additional 4,400,624 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new position in Roblox in the first quarter worth $1,942,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

NYSE:RBLX opened at $96.28 on Friday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. The company has a fifty day moving average of $113.97 and a two-hundred day moving average of $114.06. The stock has a market capitalization of $63.05 billion, a PE ratio of -67.33 and a beta of 1.62. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The firm’s revenue was up 70.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.37) earnings per share. As a group, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RBLX shares. Macquarie boosted their price objective on shares of Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Citigroup increased their target price on Roblox from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Morgan Stanley set a $170.00 price objective on Roblox and gave the stock an “overweight” rating in a report on Monday, October 13th. Bank of America raised their price target on Roblox from $159.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Finally, Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Nineteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.78.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 10,584 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $95.24, for a total value of $1,008,020.16. Following the sale, the chief executive officer owned 190,574 shares of the company’s stock, valued at $18,150,267.76. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.54, for a total value of $6,107,640.00. Following the sale, the director directly owned 261,388 shares of the company’s stock, valued at $24,188,845.52. This trade represents a 20.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 382,508 shares of company stock valued at $40,838,541. Insiders own 12.92% of the company’s stock.

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.