Fifth Third Bancorp Has $1.05 Million Stock Holdings in Roblox Corporation $RBLX

Fifth Third Bancorp grew its stake in shares of Roblox Corporation (NYSE:RBLXFree Report) by 5,756.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 18,624 shares of the company’s stock after acquiring an additional 18,306 shares during the quarter. Fifth Third Bancorp’s holdings in Roblox were worth $1,053,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RBLX. Vanguard Group Inc. lifted its position in Roblox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after purchasing an additional 1,020,786 shares during the period. Capital International Investors increased its holdings in Roblox by 7.3% in the 4th quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after buying an additional 2,184,439 shares during the period. Morgan Stanley increased its holdings in Roblox by 8.1% in the 4th quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock valued at $1,679,664,000 after buying an additional 1,555,549 shares during the period. State Street Corp raised its position in shares of Roblox by 3.3% in the 4th quarter. State Street Corp now owns 13,812,362 shares of the company’s stock valued at $1,119,216,000 after buying an additional 442,518 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Roblox by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock valued at $988,002,000 after buying an additional 547,103 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

More Roblox News

Here are the key news stories impacting Roblox this week:

Roblox Trading Down 0.1%

Shares of Roblox stock opened at $47.51 on Friday. The firm’s 50 day moving average is $49.27 and its 200 day moving average is $57.97. The firm has a market capitalization of $31.91 billion, a PE ratio of -30.07 and a beta of 1.41. Roblox Corporation has a 1 year low of $40.15 and a 1 year high of $150.59. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.45.

Roblox (NYSE:RBLXGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.74 billion. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The company’s quarterly revenue was up 43.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.32) earnings per share. Equities research analysts forecast that Roblox Corporation will post -1.39 earnings per share for the current fiscal year.

Roblox declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 19th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Roblox

In related news, Director Gregory Baszucki sold 16,666 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $57.69, for a total transaction of $961,461.54. Following the sale, the director owned 1,277,835 shares of the company’s stock, valued at $73,718,301.15. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Baszucki sold 50,628 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.28, for a total value of $2,292,435.84. Following the sale, the chief executive officer owned 852,214 shares in the company, valued at $38,588,249.92. This represents a 5.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 161,983 shares of company stock worth $7,580,990 over the last 90 days. 10.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RBLX shares. Arete Research set a $95.00 price target on shares of Roblox and gave the stock a “buy” rating in a research report on Monday, June 29th. Cantor Fitzgerald began coverage on shares of Roblox in a research report on Monday, June 29th. They set an “overweight” rating for the company. Seaport Research Partners cut Roblox to a “neutral” rating in a research note on Monday, June 29th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Roblox in a report on Friday. Finally, Oppenheimer began coverage on Roblox in a research note on Friday, May 1st. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average target price of $85.85.

View Our Latest Research Report on RBLX

Roblox Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

Receive News & Ratings for Roblox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roblox and related companies with MarketBeat.com's FREE daily email newsletter.