Mirae Asset Global Investments Co. Ltd. Has $1.83 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Mirae Asset Global Investments Co. Ltd. decreased its position in Roblox Co. (NYSE:RBLX - Free Report) by 41.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 30,723 shares of the company's stock after selling 22,056 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Roblox were worth $1,826,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of RBLX. Simon Quick Advisors LLC increased its holdings in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after acquiring an additional 217 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of 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 acquiring an additional 239 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in shares of Roblox by 3.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company's stock worth $298,000 after acquiring an additional 245 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after acquiring an additional 245 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Roblox by 29.2% during the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company's stock worth $69,000 after acquiring an additional 271 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 6,460 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $332,237.80. Following the completion of the transaction, the chief executive officer now owns 129,295 shares of the company's stock, valued at $6,649,641.85. This represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the chief accounting officer now directly 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 sold a total of 1,287,014 shares of company stock worth $76,969,089 in the last ninety days. 22.15% of the stock is owned by insiders.

Roblox Price Performance

Shares of RBLX stock traded up $1.09 on Friday, hitting $66.62. 6,355,233 shares of the company's stock were exchanged, compared to its average volume of 9,411,270. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a 12 month low of $29.55 and a 12 month high of $75.74. The stock has a market cap of $40.48 billion, a P/E ratio of -45.95 and a beta of 1.46. The company has a 50 day moving average of $63.45 and a 200 day moving average of $51.48.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. On average, equities research analysts predict that Roblox Co. will post -1.4 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on RBLX. HSBC began coverage on Roblox in a report on Thursday, December 12th. They set a "buy" rating and a $63.00 target price on the stock. BMO Capital Markets reissued an "outperform" rating and set a $62.00 target price (up from $56.00) on shares of Roblox in a report on Friday, November 1st. Needham & Company LLC upped their price objective on Roblox from $60.00 to $72.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wedbush reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of Roblox in a report on Friday, February 7th. Finally, Moffett Nathanson lowered 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 given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roblox has an average rating of "Moderate Buy" and a consensus price target of $64.19.

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.