Nikko Asset Management Americas Inc. Has $385.70 Million Holdings in Roblox Co. (NYSE:RBLX)

Nikko Asset Management Americas Inc. lessened its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,666,102 shares of the company's stock after selling 1,306,556 shares during the quarter. Roblox comprises about 4.2% of Nikko Asset Management Americas Inc.'s investment portfolio, making the stock its 8th biggest position. Nikko Asset Management Americas Inc. owned about 1.10% of Roblox worth $385,701,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Frazier Financial Advisors LLC lifted its stake in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock valued at $28,000 after buying an additional 624 shares during the period. Versant Capital Management Inc raised its holdings in Roblox by 83.9% in 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 last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after purchasing an additional 230 shares during the period. Huntington National Bank boosted its holdings in shares of Roblox by 277.0% during 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 last quarter. Finally, Rakuten Securities Inc. grew its position in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RBLX. OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a research note on Monday, February 3rd. Roth Mkm boosted their target price on shares of Roblox from $54.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, January 27th. CICC Research started coverage on shares of Roblox in a research note on Tuesday, January 14th. They set an "outperform" rating on the stock. Morgan Stanley boosted their price objective on shares of Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, Barclays cut their target price on Roblox from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.19.

Roblox Stock Performance

NYSE RBLX traded up $3.29 during trading hours on Friday, hitting $61.21. The company had a trading volume of 13,368,982 shares, compared to its average volume of 7,608,257. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm has a market cap of $37.89 billion, a P/E ratio of -42.21 and a beta of 1.49. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The business has a fifty day simple moving average of $63.55 and a 200-day simple moving average of $54.70.

Roblox (NYSE:RBLX - Get Free Report) last released 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%. Equities analysts predict that Roblox Co. will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now owns 75,528 shares of the company's stock, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anthony P. Lee sold 250,000 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $65.04, for a total transaction of $16,260,000.00. Following the transaction, the director now directly owns 6,254,137 shares in the company, valued at approximately $406,769,070.48. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 950,466 shares of company stock worth $61,646,297. Company insiders own 22.15% of the company's stock.

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.