Roblox Corporation $RBLX Shares Acquired by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. boosted its holdings in Roblox Corporation (NYSE:RBLX) by 9,198.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 692,447 shares of the company’s stock after buying an additional 685,000 shares during the quarter. Roblox accounts for about 2.9% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 11th largest position. Fullerton Fund Management Co Ltd. owned approximately 0.11% of Roblox worth $72,845,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RBLX. ORG Partners LLC acquired a new position in shares of Roblox in the 2nd quarter worth $33,000. Whipplewood Advisors LLC acquired a new position in shares of Roblox in the 2nd quarter valued at $34,000. Generali Asset Management SPA SGR purchased a new position in Roblox in the 2nd quarter worth about $40,000. Kiker Wealth Management LLC raised its holdings in Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after buying an additional 397 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Roblox during the second quarter valued at about $44,000. Institutional investors own 94.46% of the company’s stock.

Roblox Trading Down 6.3%

NYSE RBLX opened at $88.42 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The firm’s fifty day simple moving average is $110.03 and its 200-day simple moving average is $114.51. The company has a market capitalization of $57.90 billion, a PE ratio of -61.83 and a beta of 1.62.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned ($0.37) earnings per share. The business’s revenue for the quarter was up 70.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 10,584 shares of Roblox stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $95.24, for a total value of $1,008,020.16. Following the completion of the sale, the chief executive officer directly owned 190,574 shares in the company, valued at $18,150,267.76. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Naveen K. Chopra sold 19,424 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total transaction of $1,849,747.52. Following the completion of the sale, the chief financial officer directly owned 337,036 shares of the company’s stock, valued at $32,095,938.28. This represents a 5.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 382,508 shares of company stock worth $40,838,541 over the last quarter. Insiders own 12.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price on shares of Roblox in a research report on Friday, October 31st. Wolfe Research upgraded shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Friday, August 22nd. BMO Capital Markets boosted their target price on shares of Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Citigroup raised their target price on Roblox from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating and set a $165.00 price target (up from $155.00) on shares of Roblox in a research report on Tuesday, October 14th. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.88.

About Roblox

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.