Roblox Corporation $RBLX Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in Roblox Corporation (NYSE:RBLXFree Report) by 127.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 625,234 shares of the company’s stock after buying an additional 350,686 shares during the period. Hsbc Holdings PLC’s holdings in Roblox were worth $50,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of RBLX. Baird Financial Group Inc. raised its position in Roblox by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,294 shares of the company’s stock worth $767,000 after buying an additional 102 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Roblox by 58.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 284 shares of the company’s stock worth $39,000 after acquiring an additional 105 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Roblox by 2.8% in the third quarter. Brown Brothers Harriman & Co. now owns 4,042 shares of the company’s stock valued at $560,000 after acquiring an additional 110 shares in the last quarter. Westpac Banking Corp boosted its holdings in shares of Roblox by 0.6% in the third quarter. Westpac Banking Corp now owns 20,043 shares of the company’s stock valued at $2,776,000 after acquiring an additional 115 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Roblox by 1.3% during the second quarter. NewEdge Advisors LLC now owns 10,374 shares of the company’s stock worth $1,091,000 after acquiring an additional 138 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roblox

In related news, insider Matthew D. Kaufman sold 14,356 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.27, for a total value of $649,896.12. Following the completion of the transaction, the insider directly owned 349,964 shares of the company’s stock, valued at $15,842,870.28. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Amy Marie Rawlings sold 2,895 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $45.24, for a total value of $130,969.80. Following the sale, the chief accounting officer owned 35,238 shares in the company, valued at approximately $1,594,167.12. The trade was a 7.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 189,449 shares of company stock worth $9,179,410. 10.05% of the stock is currently owned by company insiders.

Roblox Stock Performance

Shares of RBLX opened at $47.15 on Wednesday. The company has a 50-day simple moving average of $48.86 and a 200-day simple moving average of $63.19. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $31.67 billion, a PE ratio of -29.84 and a beta of 1.44. Roblox Corporation has a 52-week low of $40.15 and a 52-week high of $150.59.

Roblox (NYSE:RBLXGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.06. Roblox had a negative net margin of 20.69% and a negative return on equity of 277.69%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the business earned ($0.32) earnings per share. The business’s revenue for the quarter was up 43.4% compared to the same quarter last year. Equities research analysts predict that Roblox Corporation will post -1.4 earnings per share for the current fiscal year.

Roblox declared that its board has initiated a stock repurchase program on Tuesday, May 19th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to reacquire up to 9.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Trending Headlines about Roblox

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on RBLX shares. Morgan Stanley reissued an “overweight” rating and set a $62.00 price target on shares of Roblox in a report on Friday, May 1st. Wedbush lowered Roblox from a “hold” rating to a “neutral” rating in a report on Friday, May 1st. Bank of America cut Roblox from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research report on Friday, May 1st. Jefferies Financial Group downgraded Roblox from a “hold” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $87.07.

Check Out Our Latest Analysis on RBLX

About Roblox

(Free Report)

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.

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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