Roblox Corporation $RBLX Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lowered its holdings in Roblox Corporation (NYSE:RBLX) by 12.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,625 shares of the company’s stock after selling 9,794 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Roblox were worth $9,603,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock worth $8,648,911,000 after buying an additional 3,284,073 shares in the last quarter. State Street Corp increased its holdings in Roblox by 6.3% in the second quarter. State Street Corp now owns 12,043,269 shares of the company’s stock valued at $1,266,952,000 after buying an additional 708,838 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Roblox by 7.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,697,538 shares of the company’s stock worth $1,310,719,000 after buying an additional 665,127 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Roblox by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,963,693 shares of the company’s stock worth $964,611,000 after acquiring an additional 619,048 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Roblox by 24.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,704,693 shares of the company’s stock worth $600,134,000 after acquiring an additional 1,128,911 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RBLX shares. Benchmark restated a “hold” rating on shares of Roblox in a research note on Monday, February 2nd. The Goldman Sachs Group reduced their price target on shares of Roblox from $180.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. JPMorgan Chase & Co. lowered their price objective on shares of Roblox from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Oppenheimer cut their target price on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Canaccord Genuity Group decreased their target price on Roblox from $160.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.35.

Roblox Trading Up 0.2%

Shares of NYSE:RBLX opened at $56.42 on Monday. 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’s 50-day moving average price is $69.85 and its 200 day moving average price is $97.25. The company has a market cap of $37.33 billion, a PE ratio of -36.40 and a beta of 1.62. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59.

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. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. Roblox’s quarterly revenue was up 122.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.33) EPS. Sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Insiders Place Their Bets

In other Roblox news, insider Arvind Chakravarthy sold 40,646 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total transaction of $2,732,630.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Baszucki sold 272,269 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total value of $19,783,065.54. Following the completion of the transaction, the chief executive officer directly owned 811,373 shares of the company’s stock, valued at approximately $58,954,362.18. The trade was a 25.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 703,144 shares of company stock worth $51,681,640. 12.92% of the stock is owned by company insiders.

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.