Bank of New York Mellon Corp Has $101.94 Million Holdings in Roblox Corporation (NYSE:RBLX)

Bank of New York Mellon Corp increased its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,748,853 shares of the company's stock after acquiring an additional 12,297 shares during the quarter. Bank of New York Mellon Corp owned 0.28% of Roblox worth $101,941,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd raised its holdings in shares of Roblox by 74.8% during the fourth 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 shares of Roblox during the first quarter valued at approximately $39,000. Colonial Trust Co SC purchased a new position in Roblox during the fourth quarter valued at approximately $41,000. Rakuten Securities Inc. grew its position in Roblox by 25.6% during the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock valued at $55,000 after purchasing an additional 195 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after purchasing an additional 633 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity

In related news, CEO David Baszucki sold 1,375,002 shares of Roblox stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the transaction, the chief executive officer owned 221,983 shares of the company's stock, valued at $16,024,952.77. This trade represents a 86.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 6,645,690 shares of company stock valued at $592,729,502. 12.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. FBN Securities began coverage on shares of Roblox in a research report on Friday, March 28th. They set a "sector perform" rating and a $65.00 price objective on the stock. Roth Mkm boosted their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Wedbush raised shares of Roblox to a "strong-buy" rating in a research report on Tuesday, July 1st. BMO Capital Markets reissued an "outperform" rating and issued a $95.00 target price (up from $82.00) on shares of Roblox in a research report on Friday, May 30th. Finally, Benchmark upped their price objective on shares of Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Roblox has an average rating of "Moderate Buy" and an average price target of $83.52.

Roblox Stock Up 1.5%

Shares of RBLX opened at $106.50 on Thursday. The firm has a market capitalization of $72.24 billion, a price-to-earnings ratio of -79.48 and a beta of 1.60. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. The business's fifty day moving average price is $90.46 and its two-hundred day moving average price is $71.64. Roblox Corporation has a 52 week low of $35.30 and a 52 week high of $108.00.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The company's revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.43) EPS. On average, analysts predict that Roblox Corporation will post -1.49 earnings per share 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.

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