Schwab Charitable Fund Has $2.51 Million Stake in Roblox Co. (NYSE:RBLX)

Schwab Charitable Fund lessened its stake in Roblox Co. (NYSE:RBLX) by 62.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,703 shares of the company’s stock after selling 110,728 shares during the quarter. Roblox accounts for about 0.1% of Schwab Charitable Fund’s investment portfolio, making the stock its 9th biggest holding. Schwab Charitable Fund’s holdings in Roblox were worth $2,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Roblox by 10.4% in the first quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after buying an additional 4,818,022 shares during the period. Baillie Gifford & Co. boosted its holdings in Roblox by 3.1% during the first quarter. Baillie Gifford & Co. now owns 28,607,151 shares of the company’s stock worth $1,092,221,000 after purchasing an additional 867,805 shares during the last quarter. Ieq Capital LLC boosted its holdings in Roblox by 27.6% during the first quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after purchasing an additional 2,684,713 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Roblox by 9.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,493,091 shares of the company’s stock worth $324,266,000 after purchasing an additional 764,481 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Roblox by 195.1% during the fourth quarter. Franklin Resources Inc. now owns 7,809,329 shares of the company’s stock worth $357,043,000 after purchasing an additional 5,162,833 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Trading Up 0.5 %

Roblox stock traded up $0.19 during mid-day trading on Friday, hitting $39.04. 7,398,291 shares of the stock were exchanged, compared to its average volume of 5,541,735. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 16.04. Roblox Co. has a 12 month low of $24.88 and a 12 month high of $47.20. The firm’s fifty day simple moving average is $37.48 and its two-hundred day simple moving average is $38.07. The stock has a market capitalization of $23.08 billion, a price-to-earnings ratio of -20.99 and a beta of 1.60.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.05. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,285.39%. The firm had revenue of $893.50 million during the quarter, compared to analyst estimates of $897.88 million. During the same quarter last year, the business earned ($0.46) EPS. The company’s revenue was up 31.2% compared to the same quarter last year. Analysts forecast that Roblox Co. will post -1.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RBLX. JPMorgan Chase & Co. upgraded shares of Roblox from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $48.00 in a report on Tuesday, April 23rd. Piper Sandler reiterated an “overweight” rating and issued a $40.00 price target (down previously from $56.00) on shares of Roblox in a research note on Friday, May 10th. Benchmark increased their price target on shares of Roblox from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group increased their price target on shares of Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Needham & Company LLC increased their price target on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.32.

Insider Activity

In other news, CEO David Baszucki sold 166,668 shares of Roblox stock in a transaction on Friday, July 12th. The shares were sold at an average price of $40.21, for a total value of $6,701,720.28. Following the completion of the sale, the chief executive officer now owns 142,260 shares in the company, valued at approximately $5,720,274.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Roblox news, CFO Michael Guthrie sold 900 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $35.00, for a total transaction of $31,500.00. Following the completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at approximately $13,112,155. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Baszucki sold 166,668 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $40.21, for a total transaction of $6,701,720.28. Following the sale, the chief executive officer now owns 142,260 shares of the company’s stock, valued at approximately $5,720,274.60. The disclosure for this sale can be found here. Insiders sold 476,889 shares of company stock worth $17,575,955 in the last quarter. 22.15% of the stock is owned by corporate insiders.

Roblox 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.