Roblox Corporation $RBLX Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. lessened its holdings in Roblox Corporation (NYSE:RBLX) by 11.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,296,603 shares of the company’s stock after selling 3,081,802 shares during the period. Roblox accounts for approximately 2.4% of Baillie Gifford & Co.’s portfolio, making the stock its 14th largest holding. Baillie Gifford & Co. owned approximately 3.61% of Roblox worth $3,227,045,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Resona Asset Management Co. Ltd. grew its holdings in Roblox by 2.0% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 171,237 shares of the company’s stock valued at $23,792,000 after buying an additional 3,439 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Roblox by 9.9% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 3,754 shares of the company’s stock valued at $520,000 after acquiring an additional 337 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Roblox by 7.6% in the third quarter. Teacher Retirement System of Texas now owns 87,483 shares of the company’s stock valued at $12,118,000 after acquiring an additional 6,169 shares in the last quarter. Strs Ohio boosted its stake in shares of Roblox by 122.5% during the third quarter. Strs Ohio now owns 238,409 shares of the company’s stock valued at $33,024,000 after acquiring an additional 131,265 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in Roblox during the 3rd quarter worth about $1,827,000. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Trading Down 0.7%

RBLX stock opened at $74.18 on Friday. The company has a market cap of $48.58 billion, a price-to-earnings ratio of -51.87 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. The business has a fifty day simple moving average of $86.35 and a 200-day simple moving average of $111.02. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 70.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.37) earnings per share. On average, equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In related news, CFO Naveen K. Chopra sold 19,424 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $95.23, for a total transaction of $1,849,747.52. Following the completion of the sale, the chief financial officer owned 337,036 shares of the company’s stock, valued at approximately $32,095,938.28. This represents a 5.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Baszucki sold 66,896 shares of Roblox stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $76.48, for a total transaction of $5,116,206.08. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 504,300 shares of company stock worth $46,290,436. Company insiders own 12.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Roblox from $170.00 to $155.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. B. Riley began coverage on shares of Roblox in a research report on Tuesday, December 9th. They set a “buy” rating and a $125.00 target price on the stock. Piper Sandler set a $130.00 target price on shares of Roblox in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft set a $115.00 price target on Roblox in a research note on Tuesday. Finally, JPMorgan Chase & Co. downgraded Roblox from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $145.00 to $100.00 in a research report on Friday, December 12th. Seventeen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.23.

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.