Sumitomo Mitsui DS Asset Management Company Ltd Buys 5,387 Shares of Roblox Co. (NYSE:RBLX)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Roblox Co. (NYSE:RBLX) by 13.8% during the fourth quarter, HoldingsChannel reports. The firm owned 44,439 shares of the company’s stock after purchasing an additional 5,387 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Roblox were worth $2,571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in Roblox during the third quarter valued at $27,000. Frazier Financial Advisors LLC increased its stake in shares of Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its position in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the period. GAMMA Investing LLC boosted its stake in Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after acquiring an additional 530 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RBLX shares. Wedbush reiterated an “outperform” rating and set a $83.00 target price on shares of Roblox in a report on Friday. Morgan Stanley lifted their price objective on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Piper Sandler reissued an “overweight” rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. BTIG Research lifted their price target on Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Stock Down 1.8 %

RBLX stock opened at $65.07 on Tuesday. The business’s 50-day moving average is $62.72 and its two-hundred day moving average is $50.93. The company has a market cap of $39.53 billion, a price-to-earnings ratio of -44.87 and a beta of 1.46. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. 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 posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 795.19%. As a group, analysts forecast that Roblox Co. will post -1.4 earnings per share for the current year.

Insider Transactions at Roblox

In related news, CFO Michael Guthrie sold 40,000 shares of Roblox stock in a transaction on Friday, November 15th. The stock was sold at an average price of $52.07, for a total transaction of $2,082,800.00. Following the transaction, the chief financial officer now directly owns 352,844 shares in the company, valued at approximately $18,372,587.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 3,601 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $49.32, for a total value of $177,601.32. Following the completion of the sale, the chief accounting officer now owns 81,407 shares of the company’s stock, valued at approximately $4,014,993.24. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,306,335 shares of company stock worth $77,348,316 in the last 90 days. 22.15% of the stock is currently owned by insiders.

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.