Ameriprise Financial Inc. Increases Position in Roblox Co. (NYSE:RBLX)

Ameriprise Financial Inc. increased its holdings in Roblox Co. (NYSE:RBLX - Free Report) by 35.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 460,217 shares of the company's stock after purchasing an additional 119,942 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.08% of Roblox worth $26,629,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RBLX. MetLife Investment Management LLC boosted its position in shares of Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after purchasing an additional 161 shares in the last quarter. Rakuten Securities Inc. increased its stake in Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after buying an additional 195 shares during the last quarter. Simon Quick Advisors LLC increased its stake in Roblox by 4.6% in the 4th 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 during the last quarter. Parkside Financial Bank & Trust increased its stake in Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock valued at $386,000 after buying an additional 245 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Stock Performance

Roblox stock traded up $0.44 during midday trading on Friday, reaching $81.21. 9,253,683 shares of the company traded hands, compared to its average volume of 7,725,787. The firm has a market capitalization of $51.16 billion, a price-to-earnings ratio of -56.00 and a beta of 1.46. The business has a 50 day moving average of $62.73 and a two-hundred day moving average of $60.67. Roblox Co. has a 12 month low of $31.59 and a 12 month high of $82.02. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. As a group, research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 4,468 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total value of $274,067.12. Following the transaction, the chief accounting officer now directly owns 75,583 shares in the company, valued at approximately $4,636,261.22. This trade represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 16,432 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.39, for a total transaction of $1,008,760.48. Following the completion of the transaction, the insider now owns 322,774 shares in the company, valued at $19,815,095.86. The trade was a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,358,232 shares of company stock worth $161,232,273 over the last quarter. Company insiders own 22.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RBLX shares. Oppenheimer increased their target price on shares of Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Roth Mkm increased their target price on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Canaccord Genuity Group increased their target price on shares of Roblox from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price for the company. in a research report on Friday, February 7th. Finally, Wells Fargo & Company raised their price objective on shares of Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. One equities 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $68.68.

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.