Massachusetts Financial Services Co. MA Increases Stake in Roblox Corporation $RBLX

Massachusetts Financial Services Co. MA increased its stake in Roblox Corporation (NYSE:RBLX) by 7.5% in the third quarter, Holdings Channel reports. The firm owned 5,148,204 shares of the company’s stock after purchasing an additional 360,009 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Roblox were worth $713,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Total Investment Management Inc. acquired a new position in shares of Roblox in the 2nd quarter valued at $29,000. Salomon & Ludwin LLC purchased a new stake in Roblox in the third quarter valued at approximately $41,000. Whipplewood Advisors LLC purchased a new stake in Roblox in the second quarter valued at approximately $34,000. ORG Partners LLC acquired a new position in Roblox in the 2nd quarter worth approximately $33,000. Finally, Meeder Asset Management Inc. raised its position in Roblox by 205.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the company’s stock worth $51,000 after buying an additional 246 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 66,896 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $76.48, for a total transaction of $5,116,206.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $82.45, for a total value of $577,150.00. Following the completion of the transaction, the director owned 256,768 shares in the company, valued at approximately $21,170,521.60. This trade represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 504,300 shares of company stock worth $46,290,436 in the last quarter. 12.92% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RBLX. Roth Capital reaffirmed a “neutral” rating and issued a $146.00 price objective on shares of Roblox in a report on Friday, October 17th. The Goldman Sachs Group raised Roblox from a “neutral” rating to a “buy” rating and increased their price target for the stock from $155.00 to $180.00 in a research report on Friday, October 31st. Citigroup boosted their price objective on Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a report on Monday, December 29th. Finally, Benchmark reaffirmed a “hold” rating on shares of Roblox in a research note on Friday, October 31st. Seventeen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $133.65.

Roblox Trading Up 3.1%

Shares of RBLX stock opened at $87.27 on Friday. The stock has a 50 day simple moving average of $88.90 and a 200-day simple moving average of $111.98. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The company has a market cap of $57.15 billion, a price-to-earnings ratio of -61.03 and a beta of 1.64. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned ($0.37) EPS. The firm’s revenue was up 70.3% compared to the same quarter last year. On average, equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

About Roblox

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.