SBI Securities Co. Ltd. Acquires Shares of 13,132 Roblox Co. (NYSE:RBLX)

SBI Securities Co. Ltd. acquired a new stake in Roblox Co. (NYSE:RBLX) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 13,132 shares of the company’s stock, valued at approximately $760,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RBLX. Simon Quick Advisors LLC lifted its position in Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after buying an additional 217 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares during the last quarter. Versant Capital Management Inc raised 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 acquiring an additional 239 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of Roblox by 3.8% in 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 boosted its stake 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 purchasing an additional 271 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a research report on Friday, February 7th. Citigroup increased their price target on Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Piper Sandler restated an “overweight” rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Barclays reduced their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Finally, Raymond James reissued a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen 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 an average price target of $64.19.

Roblox Trading Down 2.3 %

Shares of NYSE RBLX opened at $62.15 on Tuesday. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The business has a fifty day moving average price of $64.17 and a 200 day moving average price of $53.53. The stock has a market capitalization of $38.47 billion, a P/E ratio of -42.86 and a beta of 1.46. 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 (NYSE:RBLX) last released 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%. Equities research analysts expect that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 138,555 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was 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 of the company’s stock, valued at $9,260,537.62. This represents a 51.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the completion of the sale, the insider now owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,136,535 shares of company stock valued at $70,589,814 over the last 90 days. Insiders own 22.15% of the company’s stock.

Roblox 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.