Asset Management One Co. Ltd. Has $10.66 Million Stock Holdings in Roblox Corporation (NYSE:RBLX)

Asset Management One Co. Ltd. increased its position in Roblox Corporation (NYSE:RBLX - Free Report) by 5.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,816 shares of the company's stock after buying an additional 10,172 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Roblox were worth $10,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd increased its position in Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Roblox in the first quarter valued at $39,000. Colonial Trust Co SC acquired a new stake in Roblox in the fourth quarter valued at $41,000. Parkside Financial Bank & Trust raised its position in 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 purchasing an additional 230 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after buying an additional 195 shares during the period. Institutional investors own 94.46% of the company's stock.

Roblox Trading Up 2.1%

Shares of NYSE RBLX opened at $104.96 on Friday. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $71.19 billion, a P/E ratio of -78.32 and a beta of 1.56. Roblox Corporation has a 1-year low of $35.30 and a 1-year high of $105.86. The business has a fifty day moving average price of $83.21 and a 200 day moving average price of $68.85.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the business posted ($0.43) earnings per share. The firm's revenue was up 30.6% compared to the same quarter last year. Equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In related news, CFO Michael Guthrie sold 50,000 shares of Roblox stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $58.79, for a total transaction of $2,939,500.00. Following the completion of the transaction, the chief financial officer now directly owns 516,434 shares in the company, valued at approximately $30,361,154.86. This trade represents a 8.83% 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 this hyperlink. Also, CEO David Baszucki sold 47,928 shares of Roblox stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $105.14, for a total value of $5,039,149.92. Following the transaction, the chief executive officer now owns 211,559 shares of the company's stock, valued at approximately $22,243,313.26. This represents a 18.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,712,649 shares of company stock worth $584,262,803. 12.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RBLX. Piper Sandler reiterated an "overweight" rating and set a $105.00 target price (up previously from $85.00) on shares of Roblox in a research report on Thursday, June 5th. Bank of America boosted their target price on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Barclays boosted their target price on shares of Roblox from $46.00 to $62.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on shares of Roblox from $80.00 to $100.00 and gave the company an "overweight" rating in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group boosted their price target on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Roblox currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.04.

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.

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