Handelsbanken Fonder AB lessened its stake in Roblox Corporation (NYSE:RBLX – Free Report) by 38.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,250 shares of the company’s stock after selling 108,943 shares during the period. Handelsbanken Fonder AB’s holdings in Roblox were worth $9,639,000 at the end of the most recent reporting period.
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A number of other institutional investors have also recently made changes to their positions in RBLX. Redhawk Wealth Advisors Inc. bought a new stake in shares of Roblox during the 2nd quarter worth $226,000. Wealthcare Advisory Partners LLC increased its stake in Roblox by 13.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 30,034 shares of the company’s stock valued at $1,633,000 after acquiring an additional 3,498 shares during the last quarter. Chemistry Wealth Management LLC raised its position in Roblox by 27.1% during the second quarter. Chemistry Wealth Management LLC now owns 17,265 shares of the company’s stock valued at $939,000 after purchasing an additional 3,679 shares in the last quarter. Polianta Ltd raised its position in Roblox by 56.5% during the second quarter. Polianta Ltd now owns 42,100 shares of the company’s stock valued at $2,289,000 after purchasing an additional 15,200 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Roblox by 35.5% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 130,130 shares of the company’s stock worth $7,076,000 after purchasing an additional 34,120 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.
Roblox Stock Performance
Shares of RBLX stock opened at $37.94 on Friday. The company has a market capitalization of $25.42 billion, a P/E ratio of -26.53 and a beta of 1.46. Roblox Corporation has a fifty-two week low of $33.88 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day moving average price of $47.64 and a two-hundred day moving average price of $53.98.
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