Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in Roblox Co. (NYSE:RBLX)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,439 shares of the company's stock after acquiring an additional 5,387 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Roblox were worth $2,571,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RBLX. Truist Financial Corp purchased a new position in shares of Roblox during the second quarter worth approximately $559,000. Cetera Investment Advisers lifted its holdings in shares of Roblox by 4.4% during the second quarter. Cetera Investment Advisers now owns 41,332 shares of the company's stock worth $1,538,000 after purchasing an additional 1,748 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company's stock worth $41,000 after purchasing an additional 530 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in shares of Roblox during the third quarter worth $235,000. Finally, CWM LLC lifted its holdings in shares of Roblox by 61.7% during the third quarter. CWM LLC now owns 74,221 shares of the company's stock worth $3,285,000 after purchasing an additional 28,329 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Price Performance

Shares of NYSE:RBLX traded up $1.09 during midday trading on Friday, hitting $66.62. 6,355,233 shares of the stock were exchanged, compared to its average volume of 9,411,270. 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 price of $63.45 and a 200-day moving average price of $51.48. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Roblox Co. will post -1.4 earnings per share for the current year.

Wall Street Analyst Weigh In

RBLX has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Roblox from $58.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Barclays decreased their price target on Roblox from $50.00 to $46.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. BMO Capital Markets reaffirmed an "outperform" rating and set a $62.00 price target (up from $56.00) on shares of Roblox in a report on Friday, November 1st. The Goldman Sachs Group increased their price target on Roblox from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, November 4th. 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $64.19.

Insider Buying and Selling

In other Roblox news, CFO Michael Guthrie sold 26,154 shares of Roblox stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $65.94, for a total value of $1,724,594.76. Following the completion of the sale, the chief financial officer now owns 417,079 shares in the company, valued at $27,502,189.26. The trade was a 5.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 333,334 shares of Roblox stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the sale, the chief executive officer now owns 129,295 shares of the company's stock, valued at $7,409,896.45. This trade represents a 72.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,287,014 shares of company stock worth $76,969,089. 22.15% of the stock is owned by corporate 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.