Roblox Corporation $RBLX Stock Holdings Trimmed by Evergreen Capital Management LLC

Evergreen Capital Management LLC lessened its holdings in shares of Roblox Corporation (NYSE:RBLX) by 79.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,927 shares of the company’s stock after selling 7,681 shares during the quarter. Evergreen Capital Management LLC’s holdings in Roblox were worth $267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RBLX. Vanguard Group Inc. raised its holdings in Roblox by 2.6% during the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after purchasing an additional 1,513,608 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Roblox by 298.4% during the 3rd quarter. SG Americas Securities LLC now owns 329,317 shares of the company’s stock valued at $45,617,000 after purchasing an additional 246,652 shares during the period. Westfield Capital Management Co. LP bought a new stake in shares of Roblox in the 2nd quarter worth $120,041,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Roblox in the third quarter valued at $2,895,000. Finally, Moody Lynn & Lieberson LLC acquired a new stake in shares of Roblox in the second quarter valued at $2,779,000. Institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on RBLX. Benchmark reiterated a “hold” rating on shares of Roblox in a research report on Friday, October 31st. JPMorgan Chase & Co. cut shares of Roblox from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $145.00 to $100.00 in a research note on Friday, December 12th. Raymond James Financial reissued an “outperform” rating and set a $165.00 target price (up from $155.00) on shares of Roblox in a research note on Tuesday, October 14th. Piper Sandler set a $130.00 target price on shares of Roblox in a report on Friday, October 31st. Finally, B. Riley started coverage on Roblox in a report on Tuesday, December 9th. They issued a “buy” rating and a $125.00 price target on the stock. Seventeen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.23.

Roblox Stock Performance

Roblox stock opened at $74.18 on Friday. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The firm’s 50 day simple moving average is $86.35 and its 200-day simple moving average is $111.06. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $48.58 billion, a P/E ratio of -51.87 and a beta of 1.64.

Roblox (NYSE:RBLX) last posted 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. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted ($0.37) EPS. The company’s revenue was up 70.3% on a year-over-year basis. As a group, equities research analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Amy Marie Rawlings sold 2,642 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.24, for a total transaction of $251,624.08. Following the transaction, the chief accounting officer directly owned 46,452 shares of the company’s stock, valued at approximately $4,424,088.48. The trade was a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Reinstra sold 16,782 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $95.24, for a total value of $1,598,317.68. Following the completion of the sale, the insider directly owned 370,532 shares of the company’s stock, valued at approximately $35,289,467.68. This represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 504,300 shares of company stock valued at $46,290,436 over the last quarter. 12.92% of the stock is owned by insiders.

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.