Citigroup Inc. Buys 545,238 Shares of Roblox Corporation $RBLX

Citigroup Inc. increased its stake in shares of Roblox Corporation (NYSE:RBLX) by 162.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 880,575 shares of the company’s stock after buying an additional 545,238 shares during the quarter. Citigroup Inc. owned 0.13% of Roblox worth $121,977,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Roblox in the 3rd quarter worth approximately $26,000. Total Investment Management Inc. bought a new stake in Roblox during the second quarter worth $29,000. Whipplewood Advisors LLC purchased a new position in Roblox in the second quarter worth $34,000. Whittier Trust Co. of Nevada Inc. bought a new position in Roblox in the 3rd quarter valued at $37,000. Finally, Root Financial Partners LLC bought a new position in Roblox in the 3rd quarter valued at $38,000. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Mark Reinstra sold 60,000 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the sale, the insider owned 394,322 shares in the company, valued at approximately $25,212,948.68. This trade represents a 13.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction on Monday, December 1st. The stock was sold at an average price of $92.54, for a total transaction 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 represents a 20.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 758,310 shares of company stock valued at $57,121,581 in the last 90 days. 12.92% of the stock is owned by company insiders.

Roblox Trading Down 3.8%

Roblox stock opened at $62.01 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.96 and a current ratio of 0.96. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The stock has a market cap of $41.02 billion, a P/E ratio of -40.00 and a beta of 1.63. The firm’s fifty day moving average price is $75.41 and its 200-day moving average price is $103.72.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the business earned ($0.33) earnings per share. The firm’s revenue was up 122.6% on a year-over-year basis. Equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RBLX shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a report on Monday, December 29th. UBS Group set a $74.00 target price on shares of Roblox in a research note on Friday, February 6th. Needham & Company LLC reduced their target price on shares of Roblox from $159.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Piper Sandler restated an “overweight” rating and set a $100.00 price target (down previously from $125.00) on shares of Roblox in a research note on Friday, February 6th. Finally, Oppenheimer dropped their price objective on Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.44.

About Roblox

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.