Roblox Corporation (NYSE:RBLX) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 36.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 463,549 shares of the company's stock after buying an additional 124,675 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Roblox worth $27,020,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC boosted its holdings 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 buying an additional 161 shares during the period. SBI Securities Co. Ltd. increased its position in Roblox by 1.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock worth $775,000 after purchasing an additional 163 shares in the last quarter. Commerce Bank increased its position in Roblox by 2.7% during the 1st quarter. Commerce Bank now owns 7,257 shares of the company's stock worth $423,000 after purchasing an additional 191 shares in the last quarter. Ballentine Partners LLC increased its position in Roblox by 0.3% in the 1st quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock valued at $4,518,000 after acquiring an additional 198 shares during the period. Finally, Signaturefd LLC increased its position in Roblox by 3.8% in the 1st quarter. Signaturefd LLC now owns 6,153 shares of the company's stock valued at $359,000 after acquiring an additional 225 shares during the period. Institutional investors own 94.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RBLX. Morgan Stanley increased their target price on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen downgraded shares of Roblox from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Citigroup lifted their target price on shares of Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wedbush boosted their price objective on shares of Roblox from $142.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on shares of Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $117.59.

Roblox Stock Performance

RBLX traded down $1.23 during trading on Tuesday, hitting $129.51. 5,703,553 shares of the stock were exchanged, compared to its average volume of 9,921,019. The stock has a fifty day moving average price of $111.20 and a two-hundred day moving average price of $81.78. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59. The firm has a market capitalization of $83.54 billion, a P/E ratio of -90.57 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The firm's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. As a group, sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 687,500 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $87.97, for a total transaction of $60,479,375.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at $18,610,845.23. This represents a 76.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 5,215,535 shares of company stock valued at $500,468,909 in the last ninety days. Corporate insiders own 12.92% of the company's stock.

Roblox 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.