Sumitomo Mitsui DS Asset Management Company Ltd Purchases 5,387 Shares of Roblox Co. (NYSE:RBLX)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Roblox Co. (NYSE:RBLX) by 13.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its position 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 purchasing an additional 239 shares during the period. V Square Quantitative Management LLC bought a new position in Roblox in the 3rd quarter worth approximately $27,000. Frazier Financial Advisors LLC grew its stake in Roblox by 20,800.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after buying an additional 624 shares in the last quarter. GAMMA Investing LLC raised its holdings in Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after acquiring an additional 530 shares during the period. Finally, Huntington National Bank lifted its position in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after acquiring an additional 770 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RBLX shares. HSBC began coverage on Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 price target (up from $56.00) on shares of Roblox in a research report on Friday, November 1st. Roth Mkm raised their price objective 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. BTIG Research upped their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Roblox from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average target price of $64.19.

Insiders Place Their Bets

In other Roblox news, CFO Michael Guthrie sold 40,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $52.07, for a total value of $2,082,800.00. Following the sale, the chief financial officer now owns 352,844 shares of the company’s stock, valued at $18,372,587.08. This trade represents a 10.18 % 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, CEO David Baszucki sold 138,555 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were 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 approximately $9,260,537.62. This trade represents a 51.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,306,335 shares of company stock valued at $77,348,316 in the last ninety days. Company insiders own 22.15% of the company’s stock.

Roblox Price Performance

Shares of Roblox stock opened at $65.07 on Tuesday. The stock has a market capitalization of $39.53 billion, a price-to-earnings ratio of -44.87 and a beta of 1.46. The company has a fifty day moving average of $62.72 and a 200-day moving average of $50.93. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that Roblox Co. will post -1.4 EPS for the current year.

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.