Roblox Corporation $RBLX Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Roblox Corporation (NYSE:RBLX) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,064 shares of the company’s stock after selling 40,784 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Roblox were worth $32,700,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RBLX. Total Investment Management Inc. acquired a new stake in shares of Roblox in the 2nd quarter worth $29,000. ORG Partners LLC purchased a new position in Roblox during the second quarter worth about $33,000. Whipplewood Advisors LLC acquired a new stake in Roblox in the second quarter valued at about $34,000. Root Financial Partners LLC purchased a new stake in Roblox in the 3rd quarter valued at approximately $38,000. Finally, Generali Asset Management SPA SGR acquired a new position in Roblox during the 2nd quarter worth approximately $40,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $104.07, for a total value of $6,868,620.00. Following the sale, the director owned 266,008 shares of the company’s stock, valued at approximately $27,683,452.56. This represents a 19.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 66,896 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $104.53, for a total value of $6,992,638.88. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 504,300 shares of company stock worth $46,290,436. 12.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RBLX shares. Macquarie increased their target price on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. lowered Roblox from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $145.00 to $100.00 in a report on Friday, December 12th. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price on shares of Roblox in a report on Friday, October 31st. Morgan Stanley decreased their target price on shares of Roblox from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $146.00 price target on shares of Roblox in a report on Friday, October 17th. Seventeen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.23.

Roblox Price Performance

Roblox stock opened at $74.75 on Friday. The firm has a market capitalization of $48.95 billion, a PE ratio of -52.27 and a beta of 1.64. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The firm’s 50-day simple moving average is $86.91 and its 200 day simple moving average is $111.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last announced its 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 analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the business posted ($0.37) earnings per share. The firm’s quarterly revenue was up 70.3% compared to the same quarter last year. On average, equities research analysts predict that Roblox Corporation will post -1.49 EPS 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.