IFM Investors Pty Ltd Has $5.37 Million Stake in Roblox Corporation (NYSE:RBLX)

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

A number of other hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC increased its position 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 purchasing an additional 161 shares in the last quarter. Rakuten Securities Inc. grew 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 acquiring an additional 195 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its holdings in Roblox by 74.8% during 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 last quarter. Atala Financial Inc grew its holdings in Roblox by 0.6% during the 1st quarter. Atala Financial Inc now owns 50,403 shares of the company's stock worth $2,941,000 after acquiring an additional 292 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its holdings in Roblox by 2.5% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 13,614 shares of the company's stock worth $794,000 after acquiring an additional 327 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Canaccord Genuity Group increased their price objective on shares of Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on shares of Roblox from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $95.00 target price (up previously from $82.00) on shares of Roblox in a research note on Friday, May 30th. Piper Sandler reaffirmed an "overweight" rating and issued a $105.00 target price (up previously from $85.00) on shares of Roblox in a research note on Thursday, June 5th. Finally, Benchmark raised their target price on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.52.

Insider Activity

In other news, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $103.89, for a total value of $6,856,740.00. Following the sale, the director directly owned 284,488 shares in the company, valued at $29,555,458.32. This trade represents a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Baszucki sold 139,507 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the transaction, the chief executive officer owned 211,559 shares in the company, valued at approximately $22,253,891.21. The trade was a 39.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,639,690 shares of company stock worth $592,114,022 over the last ninety days. Insiders own 12.92% of the company's stock.

Roblox Stock Up 4.0%

Shares of NYSE RBLX traded up $4.12 during midday trading on Monday, reaching $107.71. The company's stock had a trading volume of 8,507,780 shares, compared to its average volume of 8,057,353. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a fifty-two week low of $35.30 and a fifty-two week high of $107.97. The stock has a market capitalization of $73.06 billion, a price-to-earnings ratio of -80.38 and a beta of 1.60. The stock has a 50 day simple moving average of $88.07 and a 200-day simple moving average of $70.83.

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

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.