Wealthfront Advisers LLC lessened its stake in Roblox Corporation (NYSE:RBLX – Free Report) by 41.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,553 shares of the company’s stock after selling 20,214 shares during the period. Wealthfront Advisers LLC’s holdings in Roblox were worth $1,615,000 as of its most recent SEC filing.
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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Roblox by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 63,458,784 shares of the company’s stock worth $5,142,065,000 after acquiring an additional 1,020,786 shares in the last quarter. Capital International Investors raised its stake in shares of Roblox by 7.3% during the fourth quarter. Capital International Investors now owns 31,953,301 shares of the company’s stock valued at $2,589,282,000 after acquiring an additional 2,184,439 shares in the last quarter. Morgan Stanley raised its stake in shares of Roblox by 8.1% during the fourth quarter. Morgan Stanley now owns 20,728,914 shares of the company’s stock valued at $1,679,664,000 after acquiring an additional 1,555,549 shares in the last quarter. State Street Corp boosted its holdings in shares of Roblox by 3.3% in the fourth quarter. State Street Corp now owns 13,812,362 shares of the company’s stock valued at $1,119,216,000 after purchasing an additional 442,518 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Roblox by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 12,220,045 shares of the company’s stock valued at $988,002,000 after purchasing an additional 547,103 shares during the period. Institutional investors own 94.46% of the company’s stock.
Roblox Price Performance
Shares of RBLX stock opened at $53.31 on Tuesday. Roblox Corporation has a fifty-two week low of $40.15 and a fifty-two week high of $150.59. The firm has a market capitalization of $35.80 billion, a price-to-earnings ratio of -33.74 and a beta of 1.41. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50-day simple moving average is $48.72 and its 200-day simple moving average is $58.70.
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