Roblox Corporation $RBLX Shares Sold by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC reduced its holdings in Roblox Corporation (NYSE:RBLX) by 23.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 141,761 shares of the company’s stock after selling 44,411 shares during the quarter. Roblox comprises 2.6% of Abacus FCF Advisors LLC’s holdings, making the stock its 8th largest holding. Abacus FCF Advisors LLC’s holdings in Roblox were worth $19,637,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. AlphaQuest LLC increased its stake in Roblox by 220.7% in the first quarter. AlphaQuest LLC now owns 2,659 shares of the company’s stock valued at $155,000 after purchasing an additional 1,830 shares in the last quarter. Comerica Bank grew its stake in shares of Roblox by 89.9% in the 1st quarter. Comerica Bank now owns 13,566 shares of the company’s stock valued at $791,000 after buying an additional 6,421 shares during the period. Baird Financial Group Inc. increased its position in Roblox by 5.0% in the 1st quarter. Baird Financial Group Inc. now owns 7,192 shares of the company’s stock valued at $419,000 after buying an additional 342 shares in the last quarter. MAI Capital Management increased its position in Roblox by 51.3% in the 1st quarter. MAI Capital Management now owns 1,596 shares of the company’s stock valued at $93,000 after buying an additional 541 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new position in Roblox during the 1st quarter worth approximately $503,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Price Performance

Roblox stock opened at $81.48 on Tuesday. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The company’s 50 day moving average price is $99.69 and its two-hundred day moving average price is $114.26. The stock has a market cap of $53.35 billion, a P/E ratio of -56.98 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted ($0.37) earnings per share. Roblox’s revenue was up 70.3% on a year-over-year basis. On average, equities analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity

In related news, insider Matthew D. Kaufman sold 20,867 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the completion of the transaction, the insider owned 239,775 shares in the company, valued at approximately $23,042,377.50. This represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Baszucki sold 66,896 shares of Roblox stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $84.73, for a total transaction of $5,668,098.08. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 443,404 shares of company stock worth $45,687,339. 12.92% of the stock is owned by insiders.

Analyst Ratings Changes

RBLX has been the subject of a number of research reports. Morgan Stanley reissued an “overweight” rating on shares of Roblox in a research note on Thursday, December 11th. Canaccord Genuity Group set a $160.00 target price on Roblox in a report on Thursday, October 30th. The Goldman Sachs Group raised shares of Roblox from a “neutral” rating to a “buy” rating and lifted their price target for the company from $155.00 to $180.00 in a research report on Friday, October 31st. Jefferies Financial Group lowered their price objective on shares of Roblox from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $135.88.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.