SBI Securities Co. Ltd. Makes New $760,000 Investment in Roblox Co. (NYSE:RBLX)

SBI Securities Co. Ltd. purchased a new stake in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,132 shares of the company’s stock, valued at approximately $760,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its position in Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after acquiring an additional 4,115,286 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Roblox by 26.8% in the fourth quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after purchasing an additional 3,507,901 shares during the last quarter. State Street Corp lifted its holdings in shares of Roblox by 2.3% during the third quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after purchasing an additional 240,565 shares in the last quarter. ValueAct Holdings L.P. boosted its position in shares of Roblox by 340.7% during the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after buying an additional 7,835,921 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Roblox by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock worth $368,003,000 after buying an additional 408,915 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 1,445 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $60.50, for a total transaction of $87,422.50. Following the sale, the chief executive officer now directly owns 122,853 shares of the company’s stock, valued at $7,432,606.50. This represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total value of $60,157.32. Following the transaction, the insider now owns 204,261 shares of the company’s stock, valued at $12,513,028.86. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,136,535 shares of company stock valued at $70,589,814 in the last three months. 22.15% of the stock is currently owned by corporate insiders.

Roblox Trading Down 2.3 %

Shares of Roblox stock opened at $62.15 on Tuesday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The company 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 fifty day moving average of $64.17 and a 200 day moving average of $53.53.

Roblox (NYSE:RBLX) 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 return on equity of 665.98% and a negative net margin of 25.97%. On average, sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RBLX. The Goldman Sachs Group raised their price target on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Benchmark increased their price objective on shares of Roblox from $60.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Citigroup lifted their target price on shares of Roblox from $63.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Needham & Company LLC increased their price target on Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, CICC Research initiated coverage on Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.19.

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.