Mitsubishi UFJ Trust & Banking Corp Trims Holdings in Roblox Corporation $RBLX

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Roblox Corporation (NYSE:RBLX) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 573,300 shares of the company’s stock after selling 11,111 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Roblox were worth $79,414,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 1,513,608 shares during the last quarter. State Street Corp raised 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 during the period. Geode Capital Management LLC boosted its holdings in Roblox by 9.1% in 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 during the last quarter. AQR Capital Management LLC grew its stake in shares of Roblox by 3.0% in the 2nd quarter. AQR Capital Management LLC now owns 9,032,411 shares of the company’s stock valued at $948,222,000 after buying an additional 261,984 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Roblox by 9.9% in the 2nd quarter. Franklin Resources Inc. now owns 6,344,645 shares of the company’s stock valued at $667,457,000 after buying an additional 570,018 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roblox

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 shares were sold at an average price of $104.07, for a total transaction of $6,868,620.00. Following the sale, the director directly owned 266,008 shares of the company’s stock, valued at $27,683,452.56. This represents a 19.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew D. Kaufman sold 20,867 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the sale, the insider owned 239,775 shares in the company, valued at approximately $23,042,377.50. This trade represents a 8.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 504,300 shares of company stock valued at $46,290,436. 12.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on RBLX. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 price target (up previously from $155.00) on shares of Roblox in a research report on Tuesday, October 14th. Barclays lifted their target price on Roblox from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Wolfe Research set a $100.00 price target on Roblox in a research note on Monday, January 5th. B. Riley assumed coverage on Roblox in a research report on Tuesday, December 9th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $159.00 price objective on shares of Roblox in a report on Friday, October 31st. Seventeen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.23.

Roblox Price Performance

RBLX stock opened at $74.18 on Friday. The business’s fifty day moving average price is $86.35 and its 200 day moving average price is $111.06. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. The company has a market capitalization of $48.58 billion, a PE ratio of -51.87 and a beta of 1.64.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.07. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.Roblox’s revenue was up 70.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.37) EPS. On average, sell-side analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Roblox Company 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.