Susquehanna Portfolio Strategies LLC Sells 125,391 Shares of Roblox Co. (NYSE:RBLX)

Susquehanna Portfolio Strategies LLC reduced its position in shares of Roblox Co. (NYSE:RBLX) by 38.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 202,189 shares of the company’s stock after selling 125,391 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Roblox were worth $7,523,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RBLX. Vanguard Group Inc. boosted its holdings in shares of Roblox by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock worth $1,950,322,000 after buying an additional 4,818,022 shares during the period. Ieq Capital LLC boosted its holdings in shares of Roblox by 27.6% during the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock worth $473,811,000 after buying an additional 2,684,713 shares during the period. Dragoneer Investment Group LLC boosted its holdings in shares of Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after buying an additional 2,488,044 shares during the period. First Trust Advisors LP boosted its holdings in shares of Roblox by 836.1% during the 4th quarter. First Trust Advisors LP now owns 2,739,514 shares of the company’s stock worth $125,251,000 after buying an additional 2,446,867 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Roblox during the 2nd quarter worth $87,543,000. 91.08% of the stock is owned by institutional investors.

Roblox Stock Performance

Roblox stock opened at $44.18 on Friday. The company’s 50 day simple moving average is $42.36 and its 200 day simple moving average is $38.57. Roblox Co. has a fifty-two week low of $27.11 and a fifty-two week high of $48.43. The company has a debt-to-equity ratio of 9.04, a current ratio of 1.03 and a quick ratio of 1.03.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same quarter last year, the firm earned ($0.46) EPS. Roblox’s quarterly revenue was up 31.2% compared to the same quarter last year. As a group, equities analysts anticipate that Roblox Co. will post -1.59 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In related news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the transaction, the chief financial officer now directly owns 374,633 shares in the company, valued at $14,168,620.06. The sale was disclosed in a filing with the SEC, which is available through this link. In other Roblox news, CFO Michael Guthrie sold 30,000 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $37.82, for a total value of $1,134,600.00. Following the transaction, the chief financial officer now directly owns 374,633 shares in the company, valued at $14,168,620.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark Reinstra sold 12,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the completion of the transaction, the insider now owns 342,656 shares in the company, valued at $13,706,240. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 792,341 shares of company stock valued at $33,923,126. 22.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RBLX. Wolfe Research began coverage on shares of Roblox in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Macquarie upped their target price on shares of Roblox from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. The Goldman Sachs Group increased their price objective on shares of Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Roblox from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company upped their target price on shares of Roblox from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $44.81.

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.