Whittier Trust Co. Has $8.67 Million Holdings in Roblox Corporation $RBLX

Whittier Trust Co. reduced its stake in shares of Roblox Corporation (NYSE:RBLX) by 18.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,593 shares of the company’s stock after selling 14,203 shares during the period. Whittier Trust Co.’s holdings in Roblox were worth $8,670,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after purchasing an additional 1,513,608 shares during the period. State Street Corp raised its position in shares of Roblox by 6.3% in the 2nd quarter. State Street Corp now owns 12,043,269 shares of the company’s stock worth $1,266,952,000 after acquiring an additional 708,838 shares in the last quarter. Geode Capital Management LLC boosted its position 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 purchasing an additional 834,230 shares in the last quarter. AQR Capital Management LLC grew its stake in 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 purchasing an additional 261,984 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Roblox by 9.9% in the second quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock worth $667,457,000 after purchasing an additional 570,018 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Piper Sandler set a $130.00 price target on Roblox in a report on Friday, October 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 price target (up from $155.00) on shares of Roblox in a research note on Tuesday, October 14th. 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. Barclays raised their price target on shares of Roblox from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Finally, BMO Capital Markets lifted their target price on Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.23.

Insider Activity at Roblox

In related news, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $104.07, for a total value of $6,868,620.00. Following the completion of the transaction, the director directly owned 266,008 shares in the company, valued at approximately $27,683,452.56. The trade was a 19.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Naveen K. Chopra sold 19,424 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $95.23, for a total value of $1,849,747.52. Following the sale, the chief financial officer owned 337,036 shares in the company, valued at approximately $32,095,938.28. The trade was a 5.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 504,300 shares of company stock worth $46,290,436 in the last three months. Corporate insiders own 12.92% of the company’s stock.

Roblox Price Performance

RBLX opened at $74.18 on Monday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $48.58 billion, a P/E ratio of -51.87 and a beta of 1.64. Roblox Corporation has a fifty-two week low of $50.10 and a fifty-two week high of $150.59. The firm has a 50-day moving average of $86.35 and a 200 day moving average of $111.09.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating 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 firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm earned ($0.37) EPS. The company’s revenue was up 70.3% compared to the same quarter last year. On average, research analysts expect that Roblox Corporation will post -1.49 EPS for the current 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.