Sumitomo Mitsui Trust Group Inc. Has $399.43 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,024,600 shares of the company's stock after selling 960,217 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 1.49% of Roblox worth $399,429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RBLX. Entropy Technologies LP raised its holdings in Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company's stock valued at $4,410,000 after acquiring an additional 62,521 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Roblox in the third quarter valued at approximately $257,000. River Global Investors LLP boosted its position in Roblox by 4.4% during the 3rd quarter. River Global Investors LLP now owns 35,370 shares of the company's stock worth $1,565,000 after acquiring an additional 1,496 shares during the period. Sigma Planning Corp grew its position in Roblox by 6.6% in the 3rd quarter. Sigma Planning Corp now owns 6,822 shares of the company's stock valued at $302,000 after buying an additional 420 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc raised its holdings in Roblox by 23.2% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 447,067 shares of the company's stock worth $19,783,000 after purchasing an additional 84,198 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company's stock.

Roblox Stock Performance

Shares of NYSE RBLX traded up $0.27 during trading hours on Tuesday, reaching $54.83. The stock had a trading volume of 3,114,127 shares, compared to its average volume of 7,490,476. The company has a market cap of $33.31 billion, a price-to-earnings ratio of -33.27 and a beta of 1.56. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The business's fifty day moving average is $44.68 and its two-hundred day moving average is $40.09. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $55.10.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.45) EPS. As a group, research analysts expect that Roblox Co. will post -1.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Needham & Company LLC upped their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $51.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Raymond James upped their price target on shares of Roblox from $51.00 to $60.00 and gave the company a "strong-buy" rating in a research report on Thursday, October 31st. Finally, Wolfe Research began coverage on shares of Roblox in a research note on Tuesday, July 16th. They set a "peer perform" rating on the stock. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.30.

Insider Transactions at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of the business's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the transaction, the chief accounting officer now directly owns 91,062 shares in the company, valued at $4,817,179.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Roblox news, insider Arvind Chakravarthy sold 592 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $43.32, for a total transaction of $25,645.44. Following the completion of the sale, the insider now owns 276,892 shares in the company, valued at approximately $11,994,961.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 2,186 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.90, for a total value of $115,639.40. Following the completion of the sale, the chief accounting officer now directly owns 91,062 shares of the company's stock, valued at approximately $4,817,179.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,029,373 shares of company stock valued at $46,476,179. 22.15% of the stock is owned by insiders.

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.