Perpetual Ltd Has $913,000 Stake in Roblox Co. (NYSE:RBLX)

Perpetual Ltd lessened its stake in shares of Roblox Co. (NYSE:RBLX) by 45.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,786 shares of the company’s stock after selling 12,973 shares during the period. Perpetual Ltd’s holdings in Roblox were worth $913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RBLX. Toronto Dominion Bank increased its holdings in shares of Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after acquiring an additional 15,333 shares in the last quarter. Entropy Technologies LP grew its position in Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after purchasing an additional 62,521 shares during the period. Dragoneer Investment Group LLC increased its stake in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after purchasing an additional 2,488,044 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Roblox by 12,971.4% during the third quarter. Benjamin Edwards Inc. now owns 52,024 shares of the company’s stock worth $2,302,000 after buying an additional 51,626 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after buying an additional 240,565 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on RBLX. BTIG Research boosted their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler increased their price objective on Roblox from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Morgan Stanley lifted their target price on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Wells Fargo & Company increased their price target on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.48.

Roblox Price Performance

NYSE RBLX opened at $65.98 on Thursday. The company has a market cap of $40.09 billion, a PE ratio of -40.23 and a beta of 1.43. 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 firm’s 50-day simple moving average is $57.83 and its two-hundred day simple moving average is $48.21. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $66.86.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company 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 firm earned ($0.45) EPS. Roblox’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts predict that Roblox Co. will post -1.56 earnings per share for the current year.

Insider Activity

In other 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 completion of the transaction, the chief accounting officer now directly owns 91,062 shares in the company, valued at $4,817,179.80. The trade was a 2.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Baszucki sold 166,668 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the completion of the sale, the chief executive officer now owns 135,755 shares in the company, valued at $5,722,073.25. This trade represents a 55.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,560,480 shares of company stock worth $85,513,870. 22.15% of the stock is owned by corporate 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.