Daiwa Securities Group Inc. Acquires 5,953 Shares of Roblox Co. (NYSE:RBLX)

Daiwa Securities Group Inc. raised its holdings in Roblox Co. (NYSE:RBLX) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,192 shares of the company’s stock after acquiring an additional 5,953 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Roblox were worth $3,541,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC boosted its position in shares of Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares during the period. Huntington National Bank increased its stake in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after acquiring an additional 770 shares during the last quarter. Finally, True Wealth Design LLC raised its position in shares of Roblox by 33,875.0% in the 3rd quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after acquiring an additional 1,355 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the subject of a number of analyst reports. Needham & Company LLC boosted their price objective on shares of Roblox from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, February 7th. The Goldman Sachs Group upped 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, February 7th. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price objective (up previously from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. Morgan Stanley boosted their target price on Roblox from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, CICC Research initiated coverage on Roblox in a research report on Tuesday, January 14th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.19.

Roblox Stock Performance

RBLX opened at $55.75 on Friday. 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 business’s 50-day simple moving average is $63.99 and its 200 day simple moving average is $54.24. The firm has a market capitalization of $34.51 billion, a PE ratio of -38.45 and a beta of 1.49. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings data 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 return on equity of 665.98% and a negative net margin of 25.97%. As a group, sell-side analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Roblox

In other Roblox news, 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. This trade represents a 51.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total transaction of $382,135.00. Following the completion of the transaction, the chief accounting officer now owns 75,528 shares in the company, valued at approximately $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 916,367 shares of company stock worth $59,700,949 over the last quarter. 22.15% of the stock is currently 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.