MML Investors Services LLC Sells 473 Shares of Roblox Co. (NYSE:RBLX)

MML Investors Services LLC decreased its holdings in Roblox Co. (NYSE:RBLX) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,980 shares of the company’s stock after selling 473 shares during the quarter. MML Investors Services LLC’s holdings in Roblox were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RBLX. FMR LLC raised its holdings in shares of Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the last quarter. Dragoneer Investment Group LLC raised its stake in shares of Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after acquiring an additional 2,488,044 shares during the last quarter. State Street Corp raised its stake in shares of Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after acquiring an additional 240,565 shares during the last quarter. ValueAct Holdings L.P. lifted its position in shares of Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Roblox by 32.9% during the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock valued at $259,576,000 after purchasing an additional 1,452,900 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity

In other news, insider Manuel Bronstein sold 44,888 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total value of $2,693,728.88. Following the sale, the insider now owns 573,266 shares of the company’s stock, valued at $34,401,692.66. The trade was a 7.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amy Marie Rawlings sold 2,186 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the transaction, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at approximately $4,817,179.80. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,260,601 shares of company stock worth $65,433,735 over the last three months. Corporate insiders own 22.15% of the company’s stock.

Roblox Price Performance

NYSE RBLX opened at $59.56 on Wednesday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $36.19 billion, a price-to-earnings ratio of -36.32 and a beta of 1.50. The business has a 50 day simple moving average of $51.12 and a 200 day simple moving average of $44.37. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $61.77.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted ($0.45) earnings per share. Analysts anticipate that Roblox Co. will post -1.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on RBLX shares. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Macquarie upped their price target on Roblox from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wedbush reiterated an “outperform” rating and issued a $49.00 price objective on shares of Roblox in a research report on Friday, October 25th. Morgan Stanley upgraded shares of Roblox from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $38.00 to $65.00 in a research report on Monday, November 4th. Finally, BTIG Research lifted their price target on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

About Roblox

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.