IFM Investors Pty Ltd Increases Stake in Roblox Corporation (NYSE:RBLX)

IFM Investors Pty Ltd increased its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 7.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,118 shares of the company's stock after purchasing an additional 6,180 shares during the period. IFM Investors Pty Ltd's holdings in Roblox were worth $5,370,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd boosted 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 valued at $32,000 after purchasing an additional 240 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox in the 1st quarter valued at $39,000. Colonial Trust Co SC purchased a new stake in shares of Roblox in the 4th quarter valued at $41,000. Rakuten Securities Inc. boosted its position in Roblox by 25.6% during 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 period. Finally, EverSource Wealth Advisors LLC boosted its position in Roblox by 188.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after buying an additional 633 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Activity

In related news, CEO David Baszucki sold 1,375,002 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 221,983 shares of the company's stock, valued at approximately $16,024,952.77. This represents a 86.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 6,639,690 shares of company stock valued at $592,114,022. 12.92% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on RBLX. BTIG Research increased their price target on shares of Roblox from $73.00 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. 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 research report on Friday, May 2nd. Benchmark increased their price target on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. The Goldman Sachs Group increased their price target on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, Bank of America increased their price target 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. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $83.52.

Roblox Stock Down 3.2%

Shares of Roblox stock traded down $3.44 during trading on Tuesday, hitting $104.32. The company's stock had a trading volume of 1,426,898 shares, compared to its average volume of 8,647,438. 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 company has a fifty day simple moving average of $88.90 and a two-hundred day simple moving average of $71.16. The company has a market capitalization of $70.76 billion, a PE ratio of -77.85 and a beta of 1.60. 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 quarterly earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.09. The company had revenue of $1.04 billion during 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%. Roblox's quarterly revenue was up 30.6% compared to the same quarter last year. During the same period last year, the business earned ($0.43) EPS. Equities research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

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.