V. M. Manning & CO. Inc. Buys Shares of 12,499 Roblox Corporation $RBLX

V. M. Manning & CO. Inc. purchased a new stake in shares of Roblox Corporation (NYSE:RBLX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,499 shares of the company’s stock, valued at approximately $1,315,000. Roblox comprises 1.5% of V. M. Manning & CO. Inc.’s portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Roblox by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after acquiring an additional 1,513,608 shares during the last quarter. Ieq Capital LLC raised its position in Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares during the period. State Street Corp lifted its stake in Roblox by 6.3% during the second 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 in the last quarter. Geode Capital Management LLC lifted its stake in Roblox by 9.1% during the second quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock worth $1,053,257,000 after purchasing an additional 834,230 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Roblox by 3.0% during the second quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock worth $948,222,000 after buying an additional 261,984 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Piper Sandler set a $130.00 price objective on Roblox in a report on Friday, October 31st. Bank of America lifted their target price on Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Wedbush reissued an “outperform” rating and set a $165.00 price target on shares of Roblox in a research report on Thursday, September 4th. Needham & Company LLC reissued a “buy” rating and issued a $159.00 price objective on shares of Roblox in a research note on Friday, October 31st. Finally, Roth Capital restated a “neutral” rating and issued a $146.00 price objective on shares of Roblox in a report on Friday, October 17th. Eighteen 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.88.

Insiders Place Their Bets

In other news, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction on Monday, December 1st. The shares were sold at an average price of $92.54, for a total transaction of $6,107,640.00. Following the completion of the sale, the director directly owned 261,388 shares of the company’s stock, valued at approximately $24,188,845.52. The trade was a 20.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 20,867 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $96.10, for a total value of $2,005,318.70. Following the completion of the transaction, the insider directly owned 239,775 shares in the company, valued at $23,042,377.50. This trade represents a 8.01% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 382,508 shares of company stock worth $40,838,541. 12.92% of the stock is currently owned by insiders.

Roblox Stock Performance

Shares of Roblox stock opened at $88.42 on Monday. The business has a 50-day simple moving average of $110.03 and a 200-day simple moving average of $114.93. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59. The company has a market cap of $57.90 billion, a PE ratio of -61.83 and a beta of 1.62.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm earned ($0.37) earnings per share. The firm’s quarterly revenue was up 70.3% on a year-over-year basis. On average, equities research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

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.