Mitsubishi UFJ Trust & Banking Corp Sells 366,511 Shares of Roblox Co. (NYSE:RBLX)

Mitsubishi UFJ Trust & Banking Corp cut its position in Roblox Co. (NYSE:RBLX - Free Report) by 36.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 627,353 shares of the company's stock after selling 366,511 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Roblox worth $36,299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RBLX. Versant Capital Management Inc lifted its stake in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock valued at $30,000 after buying an additional 239 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares during the last quarter. Rakuten Securities Inc. lifted its position in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after acquiring an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 633 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in 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 purchasing an additional 271 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $60.14, for a total transaction of $3,007,000.00. Following the transaction, the chief financial officer now directly owns 395,465 shares in the company, valued at $23,783,265.10. This trade represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 138,555 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.62, for a total transaction of $9,923,309.10. Following the transaction, the chief executive officer now directly owns 129,301 shares in the company, valued at approximately $9,260,537.62. This represents a 51.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 926,466 shares of company stock worth $60,212,297 over the last ninety days. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Performance

Shares of Roblox stock traded down $0.71 during trading hours on Monday, reaching $58.36. The company had a trading volume of 5,148,254 shares, compared to its average volume of 7,789,129. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a one year low of $29.55 and a one year high of $75.74. The firm has a market cap of $36.13 billion, a PE ratio of -40.25 and a beta of 1.49. The business has a fifty day simple moving average of $63.07 and a 200 day simple moving average of $55.65.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate 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, analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. HSBC initiated coverage on Roblox in a research report on Thursday, December 12th. They set a "buy" rating and a $63.00 target price on the stock. Needham & Company LLC lifted their price objective on shares of Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Macquarie upped their target price on shares of Roblox from $71.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Citigroup raised their price target on shares of Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Roth Mkm upped their price objective on shares of Roblox from $54.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.23.

About Roblox

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.