Baillie Gifford & Co. Reduces Holdings in Roblox Co. (NYSE:RBLX)

Baillie Gifford & Co. reduced its position in Roblox Co. (NYSE:RBLX) by 1.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 28,784,863 shares of the company’s stock after selling 357,702 shares during the period. Roblox accounts for about 1.0% of Baillie Gifford & Co.’s holdings, making the stock its 25th biggest holding. Baillie Gifford & Co.’s holdings in Roblox were worth $1,274,018,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Roblox during the third quarter worth approximately $27,000. PARK CIRCLE Co acquired a new position in shares of Roblox in the 2nd quarter valued at $30,000. Strategic Financial Concepts LLC purchased a new stake in Roblox in the 2nd quarter valued at $33,000. Gilliland Jeter Wealth Management LLC boosted its stake in Roblox by 102.4% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares during the period. Finally, GAMMA Investing LLC grew its position in Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares during the last quarter. 91.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Amy Marie Rawlings sold 2,186 shares of the business’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 sale, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at $4,817,179.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now directly owns 91,062 shares of the company’s stock, valued at $4,817,179.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anthony P. Lee sold 27,532 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $43.52, for a total value of $1,198,192.64. Following the sale, the director now owns 165,190 shares of the company’s stock, valued at $7,189,068.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,029,373 shares of company stock valued at $46,476,179. Insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RBLX. JPMorgan Chase & Co. upped their target price on shares of Roblox from $51.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Morgan Stanley raised Roblox from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $65.00 in a research note on Monday, November 4th. Wedbush reissued an “outperform” rating and issued a $49.00 target price on shares of Roblox in a report on Friday, October 25th. Macquarie increased their price target on Roblox from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Citigroup boosted their price objective on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.30.

Roblox Stock Up 4.1 %

RBLX stock opened at $54.56 on Tuesday. Roblox Co. has a one year low of $29.55 and a one year high of $55.10. The stock has a market capitalization of $33.15 billion, a P/E ratio of -33.27 and a beta of 1.56. The company has a 50 day moving average price of $44.68 and a two-hundred day moving average price of $40.09. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.45) earnings per share. As a group, sell-side analysts expect that Roblox Co. will post -1.56 EPS for the current year.

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.