Mirae Asset Global Investments Co. Ltd. Has $1.83 Million Holdings in Roblox Co. (NYSE:RBLX)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Roblox Co. (NYSE:RBLX) by 41.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,723 shares of the company’s stock after selling 22,056 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Roblox were worth $1,826,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Simon Quick Advisors LLC raised its position in shares of Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock valued at $284,000 after buying an additional 217 shares in the last quarter. Versant Capital Management Inc increased its stake in Roblox by 83.9% during the 4th quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the period. Impact Partnership Wealth LLC raised its holdings in Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after acquiring an additional 245 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after acquiring an additional 245 shares during the period. Finally, GAMMA Investing LLC grew its holdings 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 in the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Trading Down 1.8 %

NYSE RBLX opened at $65.07 on Tuesday. Roblox Co. has a 12 month low of $29.55 and a 12 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. The firm has a market capitalization of $39.53 billion, a PE ratio of -44.87 and a beta of 1.46. The business’s 50-day moving average price is $62.72 and its two-hundred day moving average price is $50.93.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating 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 795.19%. On average, analysts expect that Roblox Co. will post -1.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Moffett Nathanson downgraded Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target for the company. in a research note on Friday. 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 research report on Monday, January 27th. Barclays reduced their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday. The Goldman Sachs Group boosted their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Macquarie raised their target price on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.19.

Insider Activity at Roblox

In related news, CFO Michael Guthrie sold 40,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $52.07, for a total transaction of $2,082,800.00. Following the transaction, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at $18,372,587.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Baszucki sold 138,555 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 129,301 shares of the company’s stock, valued at $9,260,537.62. The trade was a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,306,335 shares of company stock worth $77,348,316 over the last quarter. Company insiders own 22.15% of the company’s stock.

Roblox Company 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.