US Bancorp DE Has $6.48 Million Holdings in Roblox Corporation $RBLX

US Bancorp DE lessened its position in shares of Roblox Corporation (NYSE:RBLX) by 31.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,746 shares of the company’s stock after selling 21,379 shares during the period. US Bancorp DE’s holdings in Roblox were worth $6,475,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Roblox during the second quarter worth $350,720,000. Vanguard Group Inc. increased its holdings in shares of Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock worth $8,648,911,000 after purchasing an additional 3,284,073 shares during the period. Federated Hermes Inc. raised its position in shares of Roblox by 103.0% in the second quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock valued at $341,410,000 after buying an additional 1,646,871 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Roblox by 47.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock valued at $503,718,000 after buying an additional 1,531,380 shares during the period. Finally, 1832 Asset Management L.P. grew its position in Roblox by 359.8% during the second quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company’s stock worth $191,295,000 after buying an additional 1,422,894 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Down 4.1%

Shares of NYSE RBLX opened at $68.46 on Monday. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65. The firm has a market cap of $45.29 billion, a PE ratio of -44.17 and a beta of 1.62. The company’s fifty day simple moving average is $73.63 and its 200 day simple moving average is $101.33.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The company’s quarterly revenue was up 122.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.33) earnings per share. As a group, sell-side analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 40,646 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total transaction of $2,732,630.58. The sale was disclosed in a legal 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 on Friday, February 20th. The stock was sold at an average price of $61.63, for a total transaction of $667,699.42. Following the completion of the sale, the chief executive officer owned 800,539 shares of the company’s stock, valued at approximately $49,337,218.57. The trade was a 1.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 703,144 shares of company stock valued at $51,681,640 in the last three months. Insiders own 12.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RBLX shares. UBS Group set a $74.00 price objective on shares of Roblox in a research report on Friday, February 6th. Wall Street Zen downgraded Roblox from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley lowered their price target on Roblox from $155.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 6th. BMO Capital Markets restated an “outperform” rating on shares of Roblox in a research note on Friday, February 6th. Finally, Wolfe Research set a $100.00 price objective on Roblox in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.44.

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.