Hel Ved Capital Management Ltd Decreases Holdings in Roblox Corporation $RBLX

Hel Ved Capital Management Ltd decreased its position in Roblox Corporation (NYSE:RBLX) by 90.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,400 shares of the company’s stock after selling 116,770 shares during the quarter. Hel Ved Capital Management Ltd’s holdings in Roblox were worth $1,718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock worth $8,648,911,000 after acquiring an additional 3,284,073 shares in the last quarter. State Street Corp grew its holdings in shares of Roblox by 6.3% during the 2nd quarter. State Street Corp now owns 12,043,269 shares of the company’s stock valued at $1,266,952,000 after purchasing an additional 708,838 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Roblox by 9.1% during the 2nd quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock valued at $1,053,257,000 after purchasing an additional 834,230 shares during the last quarter. AQR Capital Management LLC raised its position in Roblox by 3.0% in the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock worth $948,222,000 after purchasing an additional 261,984 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Roblox by 9.9% in the second quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock worth $667,457,000 after purchasing an additional 570,018 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Roblox Price Performance

Shares of Roblox stock opened at $63.45 on Friday. The business has a 50 day moving average of $72.09 and a 200 day moving average of $99.71. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The company has a market cap of $41.98 billion, a PE ratio of -40.94 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the firm earned ($0.33) EPS. The company’s quarterly revenue was up 122.6% compared to the same quarter last year. As a group, equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RBLX. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on Roblox in a research note on Tuesday, January 20th. Wolfe Research set a $100.00 price objective on Roblox in a research report on Monday, January 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Roblox from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, B. Riley Financial started coverage on shares of Roblox in a research report on Tuesday, December 9th. They set a “buy” rating and a $125.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $117.35.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 272,269 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.66, for a total transaction of $19,783,065.54. Following the transaction, the chief executive officer owned 811,373 shares in the company, valued at approximately $58,954,362.18. This represents a 25.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 30,034 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total value of $2,181,970.10. Following the completion of the transaction, the insider directly owned 307,263 shares of the company’s stock, valued at $22,322,656.95. This represents a 8.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 703,144 shares of company stock valued at $51,681,640 over the last quarter. 12.92% of the stock is currently owned by insiders.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.