Wellington Management Group LLP Buys 592,355 Shares of Roblox Co. (NYSE:RBLX)

Wellington Management Group LLP increased its stake in shares of Roblox Co. (NYSE:RBLX) by 10,307.2% during the 3rd quarter, Holdings Channel reports. The fund owned 598,102 shares of the company’s stock after acquiring an additional 592,355 shares during the period. Wellington Management Group LLP’s holdings in Roblox were worth $26,472,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Impact Partnership Wealth LLC boosted its position in shares of Roblox by 3.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after purchasing an additional 245 shares in the last quarter. Swedbank AB boosted its holdings in Roblox by 0.5% in the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after acquiring an additional 285 shares in the last quarter. Metis Global Partners LLC grew its stake in Roblox by 5.0% in the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after acquiring an additional 288 shares during the period. Oppenheimer & Co. Inc. grew its stake in Roblox by 5.0% in the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock valued at $296,000 after acquiring an additional 321 shares during the period. Finally, Atomi Financial Group Inc. increased its holdings in shares of Roblox by 0.3% during the third quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock valued at $6,048,000 after acquiring an additional 380 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the sale, the chief accounting officer now owns 91,062 shares of the company’s stock, valued at $4,817,179.80. The trade was a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Baszucki sold 333,334 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the transaction, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at $7,409,896.45. The trade was a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,412,379 shares of company stock worth $71,728,919. Company insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RBLX shares. Piper Sandler lifted their price target on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Citigroup lifted their price objective on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group upped their target price on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. HSBC began coverage on Roblox in a research note on Thursday. They set a “buy” rating and a $63.00 price target for the company. Finally, Wells Fargo & Company raised their target price on Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $55.67.

Roblox Trading Down 0.5 %

Shares of RBLX stock opened at $59.61 on Friday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $61.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a 50 day moving average of $48.52 and a 200-day moving average of $42.97. The firm has a market cap of $36.22 billion, a P/E ratio of -36.35 and a beta of 1.50.

Roblox (NYSE:RBLX) last released 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 the consensus estimate of $1.02 billion. During the same period last year, the business posted ($0.45) earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current year.

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.