Swiss National Bank Raises Stock Position in Roblox Corporation $RBLX

Swiss National Bank raised its position in Roblox Corporation (NYSE:RBLX) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,634,400 shares of the company’s stock after purchasing an additional 13,500 shares during the quarter. Swiss National Bank owned about 0.25% of Roblox worth $226,397,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Roblox in the 3rd quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Roblox during the 3rd quarter valued at approximately $37,000. Total Investment Management Inc. acquired a new position in Roblox in the second quarter valued at approximately $29,000. Root Financial Partners LLC acquired a new position in Roblox in the third quarter valued at approximately $38,000. Finally, Salomon & Ludwin LLC purchased a new position in Roblox in the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the subject of several recent analyst reports. Oppenheimer cut their target price on Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Freedom Capital raised Roblox from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. TD Cowen restated a “sell” rating on shares of Roblox in a report on Tuesday, January 27th. Finally, Jefferies Financial Group set a $85.00 target price on shares of Roblox in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.35.

Insider Activity at Roblox

In other news, insider Matthew D. Kaufman sold 30,034 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the sale, the insider owned 307,263 shares of the company’s stock, valued at approximately $22,322,656.95. This represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 59,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $79.96, for a total transaction of $4,717,640.00. Following the completion of the transaction, the director directly owned 257,258 shares of the company’s stock, valued at approximately $20,570,349.68. The trade was a 18.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 703,144 shares of company stock worth $51,681,640 over the last ninety days. Company insiders own 12.92% of the company’s stock.

Roblox Stock Down 1.6%

NYSE:RBLX opened at $62.52 on Tuesday. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The stock’s fifty day moving average is $71.71 and its two-hundred day moving average is $99.08. The stock has a market capitalization of $41.37 billion, a price-to-earnings ratio of -40.34 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 for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s revenue was up 122.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.33) earnings per share. Research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current 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.