Orion Porfolio Solutions LLC Grows Stock Holdings in Roblox Corporation $RBLX

Orion Porfolio Solutions LLC lifted its holdings in Roblox Corporation (NYSE:RBLX) by 103.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,303 shares of the company’s stock after acquiring an additional 19,477 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Roblox were worth $5,306,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Roblox by 5.6% in the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock valued at $8,648,911,000 after purchasing an additional 3,284,073 shares during the last quarter. State Street Corp grew its position in Roblox by 6.3% during the 2nd quarter. State Street Corp now owns 12,043,269 shares of the company’s stock worth $1,266,952,000 after purchasing an additional 708,838 shares during the period. Geode Capital Management LLC raised its stake 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 buying an additional 834,230 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Roblox by 3.0% during the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock valued at $948,222,000 after buying an additional 261,984 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Roblox by 9.9% in the 2nd quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock valued at $667,457,000 after buying an additional 570,018 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other news, insider Matthew D. Kaufman sold 30,034 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Arvind Chakravarthy sold 40,646 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $67.23, for a total value of $2,732,630.58. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 703,144 shares of company stock worth $51,681,640. 12.92% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RBLX shares. Barclays lowered their target price on Roblox from $130.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Freedom Capital upgraded Roblox from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Wells Fargo & Company set a $97.00 price target on Roblox in a report on Monday, February 9th. DA Davidson began coverage on Roblox in a research report on Wednesday. They issued a “neutral” rating and a $65.00 price objective on the stock. Finally, Wolfe Research set a $100.00 price objective on shares of Roblox in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus target price of $117.35.

Roblox Price Performance

Shares of Roblox stock opened at $63.45 on Friday. 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 Corporation has a twelve month low of $50.10 and a twelve month high of $150.59. The business has a 50-day moving average price of $72.09 and a 200 day moving average price of $99.58. The firm has a market cap of $41.98 billion, a PE ratio of -40.94 and a beta of 1.62.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the firm posted ($0.33) EPS. Roblox’s quarterly revenue was up 122.6% compared to the same quarter last year. Sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox 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.