Amova Asset Management Americas Inc. Has $439.01 Million Holdings in Roblox Corporation $RBLX

Amova Asset Management Americas Inc. lessened its stake in Roblox Corporation (NYSE:RBLX) by 35.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,169,259 shares of the company’s stock after selling 1,712,602 shares during the quarter. Roblox makes up approximately 4.3% of Amova Asset Management Americas Inc.’s portfolio, making the stock its 6th biggest holding. Amova Asset Management Americas Inc. owned 0.48% of Roblox worth $439,006,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RBLX. Norges Bank bought a new stake in shares of Roblox in the second quarter valued at $350,720,000. Vanguard Group Inc. raised its stake in Roblox by 5.6% in the 3rd quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after acquiring an additional 3,284,073 shares during the period. Federated Hermes Inc. raised its stake in Roblox by 103.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock valued at $341,410,000 after acquiring an additional 1,646,871 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Roblox by 47.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock valued at $503,718,000 after purchasing an additional 1,531,380 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in Roblox by 359.8% during the second quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company’s stock worth $191,295,000 after purchasing an additional 1,422,894 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Up 0.7%

NYSE RBLX opened at $67.41 on Thursday. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The firm has a market capitalization of $44.60 billion, a price-to-earnings ratio of -43.49 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 2.65. The company has a fifty day moving average of $72.78 and a two-hundred day moving average of $100.34.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating 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 analyst estimates of $2.08 billion. During the same quarter in the previous year, the business earned ($0.33) earnings per share. The company’s revenue for the quarter was up 122.6% compared to the same quarter last year. On average, analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Mark Reinstra sold 60,000 shares of Roblox stock in a transaction dated 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 completion of the sale, the insider owned 394,322 shares in the company, valued at $25,212,948.68. This trade represents a 13.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anthony P. Lee sold 7,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total transaction of $577,150.00. Following the completion of the sale, the director directly owned 256,768 shares of the company’s stock, valued at approximately $21,170,521.60. This trade represents a 2.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 703,144 shares of company stock valued at $51,681,640. Insiders own 12.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. B. Riley Financial initiated coverage on shares of Roblox in a research note on Tuesday, December 9th. They set a “buy” rating and a $125.00 price target on the stock. Canaccord Genuity Group dropped their target price on Roblox from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. DA Davidson began coverage on Roblox in a report on Wednesday. They issued a “neutral” rating and a $65.00 price target for the company. Barclays reduced their price target on Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Finally, Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.35.

Roblox 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.