Employees Retirement System of Texas Has $11.91 Million Position in Roblox Corporation $RBLX

Employees Retirement System of Texas decreased its holdings in shares of Roblox Corporation (NYSE:RBLX) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,946 shares of the company’s stock after selling 10,470 shares during the quarter. Employees Retirement System of Texas’ holdings in Roblox were worth $11,905,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in RBLX. NewEdge Advisors LLC boosted its position in shares of Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after acquiring an additional 231 shares during the period. Sivia Capital Partners LLC increased its position in Roblox by 70.2% during the second quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after acquiring an additional 5,363 shares during the period. Atria Investments Inc acquired a new position in Roblox during the 2nd quarter valued at $217,000. Prospera Financial Services Inc raised its stake in Roblox by 7.5% during the 2nd quarter. Prospera Financial Services Inc now owns 10,433 shares of the company’s stock valued at $1,098,000 after purchasing an additional 725 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Roblox in the 2nd quarter valued at $285,000. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Anthony P. Lee sold 7,000 shares of Roblox stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total value of $577,150.00. Following the completion of the transaction, the director directly owned 256,768 shares of the company’s stock, valued at $21,170,521.60. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Baszucki sold 10,834 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $61.63, for a total transaction of $667,699.42. Following the transaction, the chief executive officer owned 800,539 shares in the company, valued at approximately $49,337,218.57. This trade represents a 1.34% 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 valued at $51,681,640 in the last 90 days. 12.92% of the stock is owned by corporate insiders.

Roblox Stock Down 6.7%

Shares of RBLX opened at $56.33 on Friday. The company has a market capitalization of $37.27 billion, a P/E ratio of -36.34 and a beta of 1.62. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59. The business’s 50 day simple moving average is $70.34 and its 200-day simple moving average is $98.10. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX) last released its quarterly earnings results 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 firm 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 business’s revenue was up 122.6% on a year-over-year basis. During the same period last year, the firm posted ($0.33) EPS. As a group, sell-side analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Freedom Capital upgraded shares of Roblox from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Piper Sandler reiterated an “overweight” rating and issued a $100.00 target price (down from $125.00) on shares of Roblox in a research note on Friday, February 6th. Citigroup decreased their target price on Roblox from $152.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Benchmark restated a “hold” rating on shares of Roblox in a research note on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Roblox in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and an average price target of $117.35.

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.