Roblox Co. (NYSE:RBLX) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its stake in shares of Roblox Co. (NYSE:RBLX) by 63.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,440 shares of the company’s stock after selling 32,469 shares during the period. XTX Topco Ltd’s holdings in Roblox were worth $1,067,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Roblox by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company’s stock valued at $3,080,449,000 after acquiring an additional 462,450 shares during the last quarter. FMR LLC boosted its stake in shares of Roblox by 89.4% during the 4th quarter. FMR LLC now owns 39,658,528 shares of the company’s stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company’s stock worth $1,063,365,000 after buying an additional 17,312,325 shares in the last quarter. Ieq Capital LLC lifted its stake in shares of Roblox by 26.8% during the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after buying an additional 3,507,901 shares during the period. Finally, Geode Capital Management LLC boosted its position in Roblox by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company’s stock worth $495,564,000 after acquiring an additional 246,610 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

Roblox stock opened at $58.81 on Wednesday. The firm has a market capitalization of $36.96 billion, a PE ratio of -40.56 and a beta of 1.49. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The stock’s 50 day moving average price is $59.66 and its 200 day moving average price is $56.45. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. As a group, sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, insider Mark Reinstra sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the completion of the transaction, the insider now directly owns 281,161 shares in the company, valued at approximately $18,269,841.78. This represents a 15.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Manuel Bronstein sold 14,721 shares of Roblox stock in a transaction on Monday, February 24th. The stock was sold at an average price of $61.10, for a total transaction of $899,453.10. Following the completion of the sale, the insider now owns 598,929 shares of the company’s stock, valued at approximately $36,594,561.90. This trade represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,232,833 shares of company stock valued at $76,827,466 in the last ninety days. Insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on RBLX. Barclays cut their price target on Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Macquarie upped their target price on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their price target on Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Citigroup lifted their price target on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group raised their target price on shares of Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average target price of $64.22.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.