Intech Investment Management LLC Sells 1,325 Shares of Roblox Co. (NYSE:RBLX)

Intech Investment Management LLC reduced its stake in Roblox Co. (NYSE:RBLX) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,103 shares of the company’s stock after selling 1,325 shares during the period. Intech Investment Management LLC’s holdings in Roblox were worth $1,067,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Dragoneer Investment Group LLC grew its stake in Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after buying an additional 2,488,044 shares during the last quarter. Greenvale Capital LLP bought a new stake in shares of Roblox during the second quarter worth approximately $89,304,000. Marshall Wace LLP acquired a new position in shares of Roblox in the second quarter valued at approximately $87,543,000. ARK Investment Management LLC increased its stake in shares of Roblox by 12.9% during the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock worth $496,338,000 after purchasing an additional 1,519,591 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Roblox by 17.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,984,817 shares of the company’s stock worth $371,535,000 after purchasing an additional 1,491,726 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

Roblox Stock Up 0.6 %

Shares of NYSE:RBLX opened at $49.37 on Thursday. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10. The company has a market capitalization of $29.99 billion, a PE ratio of -30.10 and a beta of 1.56. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day moving average of $46.21 and a 200-day moving average of $41.27.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm earned ($0.45) EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the transaction, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at $4,817,179.80. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Arvind Chakravarthy sold 14,269 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total value of $705,316.67. Following the completion of the sale, the insider now owns 244,803 shares in the company, valued at $12,100,612.29. This trade represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,013,607 shares of company stock worth $48,434,122 in the last quarter. 22.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company upped their price objective on Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Morgan Stanley upgraded shares of Roblox from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $65.00 in a research report on Monday, November 4th. Needham & Company LLC lifted their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.30.

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.