Roblox Co. (NYSE:RBLX) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of Roblox Co. (NYSE:RBLX) by 255.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,124,122 shares of the company’s stock after acquiring an additional 1,526,020 shares during the period. Wellington Management Group LLP’s holdings in Roblox were worth $122,902,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Toronto Dominion Bank grew its holdings in shares of Roblox by 34.3% in the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after acquiring an additional 15,333 shares during the period. Smith Group Asset Management LLC grew its holdings in Roblox by 939.6% in the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after purchasing an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Roblox in the fourth quarter valued at $363,000. Silicon Valley Capital Partners raised its stake in shares of Roblox by 3,010.0% during the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after buying an additional 66,882 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of Roblox by 320.0% during the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock worth $149,000 after buying an additional 1,971 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RBLX shares. Wells Fargo & Company upped their price target on shares of Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. CICC Research started coverage on Roblox in a research note on Tuesday, January 14th. They issued an “outperform” rating on the stock. Piper Sandler reissued an “overweight” rating and set a $72.00 price target (up previously from $65.00) on shares of Roblox in a research report on Tuesday, January 28th. HSBC initiated coverage on Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price objective on the stock. Finally, Macquarie lifted their price objective on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and a consensus target price of $64.23.

Roblox Trading Down 5.5 %

NYSE:RBLX opened at $58.23 on Friday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The company has a market cap of $36.05 billion, a PE ratio of -40.16 and a beta of 1.49. The business’s 50 day moving average is $62.71 and its two-hundred day moving average is $55.81.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. On average, analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity

In other news, Director Anthony P. Lee sold 250,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the completion of the transaction, the director now owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the completion of the sale, the chief executive officer now owns 129,301 shares in the company, valued at approximately $9,260,537.62. This represents a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 947,666 shares of company stock valued at $61,513,341. 22.15% of the stock is currently owned by insiders.

Roblox Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.