Roblox Co. (NYSE:RBLX) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 172,644 shares of the company's stock after purchasing an additional 5,044 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Roblox were worth $10,264,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RBLX. V Square Quantitative Management LLC purchased a new stake in Roblox during the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC increased its stake in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock worth $28,000 after buying an additional 624 shares in the last quarter. Versant Capital Management Inc increased its stake in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after buying an additional 239 shares in the last quarter. Huntington National Bank increased its stake in Roblox by 277.0% during the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company's stock worth $46,000 after buying an additional 770 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in Roblox by 33,875.0% during the 3rd quarter. True Wealth Design LLC now owns 1,359 shares of the company's stock worth $60,000 after buying an additional 1,355 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Price Performance

Shares of RBLX stock traded down $0.19 during midday trading on Friday, reaching $62.63. 1,435,821 shares of the company traded hands, compared to its average volume of 9,096,511. The firm's 50 day simple moving average is $63.98 and its two-hundred day simple moving average is $52.17. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market cap of $38.77 billion, a PE ratio of -43.19 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share 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 665.98%. On average, equities research analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wedbush restated an "outperform" rating and issued a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Macquarie upped their price objective on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Barclays decreased their price objective on Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. HSBC started coverage on Roblox in a report on Thursday, December 12th. They issued a "buy" rating and a $63.00 price objective on the stock. Finally, Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

Insiders Place Their Bets

In related news, insider Arvind Chakravarthy sold 14,269 shares of Roblox stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $49.43, for a total transaction of $705,316.67. Following the transaction, the insider now owns 244,803 shares in the company, valued at approximately $12,100,612.29. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Reinstra sold 19,525 shares of Roblox stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the transaction, the insider now owns 339,206 shares in the company, valued at $22,367,243.64. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,055,604 shares of company stock valued at $65,216,044. Company insiders own 22.15% of the company's stock.

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.