Donor Advised Charitable Giving Inc. Has $6.21 Million Stock Position in Roblox Co. (NYSE:RBLX)

Donor Advised Charitable Giving Inc. increased its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 62.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,461 shares of the company's stock after purchasing an additional 40,758 shares during the period. Roblox accounts for 0.2% of Donor Advised Charitable Giving Inc.'s investment portfolio, making the stock its 3rd largest holding. Donor Advised Charitable Giving Inc.'s holdings in Roblox were worth $6,206,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MetLife Investment Management LLC lifted its stake in shares of Roblox by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after acquiring an additional 161 shares during the period. Rakuten Securities Inc. lifted its stake in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after acquiring an additional 195 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares during the period. Gordian Capital Singapore Pte Ltd lifted its stake in shares of Roblox by 74.8% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after acquiring an additional 240 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of Roblox by 3.8% in the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after acquiring an additional 245 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Trading Down 0.0%

RBLX stock traded down $0.01 during midday trading on Tuesday, hitting $89.94. The stock had a trading volume of 5,867,995 shares, compared to its average volume of 7,772,011. The firm has a market cap of $61.01 billion, a PE ratio of -62.03 and a beta of 1.46. 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 Co. has a 12-month low of $33.90 and a 12-month high of $91.01. The company's 50-day moving average price is $68.31 and its 200 day moving average price is $63.28.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Roblox's revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.43) EPS. On average, equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Canaccord Genuity Group raised their target price on shares of Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. FBN Securities assumed coverage on shares of Roblox in a report on Friday, March 28th. They issued a "sector perform" rating and a $65.00 price target for the company. Roth Mkm increased their price target on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Wells Fargo & Company increased their price target on shares of Roblox from $70.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Moffett Nathanson downgraded shares of Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target for the company. in a report on Friday, February 7th. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $72.14.

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 50,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $84.64, for a total value of $4,232,000.00. Following the transaction, the insider now owns 389,489 shares in the company, valued at $32,966,348.96. The trade was a 11.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the transaction, the insider now owns 364,244 shares in the company, valued at $21,122,509.56. This represents a 1.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,273,985 shares of company stock worth $161,292,582. 12.92% of the stock is currently owned by corporate insiders.

Roblox Company Profile

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.