Roblox Corporation (NYSE:RBLX) Shares Purchased by SYM FINANCIAL Corp

SYM FINANCIAL Corp increased its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 52.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,911 shares of the company's stock after purchasing an additional 2,725 shares during the period. SYM FINANCIAL Corp's holdings in Roblox were worth $461,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MetLife Investment Management LLC grew its position in Roblox by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after acquiring an additional 161 shares during the last quarter. SBI Securities Co. Ltd. grew its position in Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after acquiring an additional 163 shares during the last quarter. Ballentine Partners LLC grew 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 last quarter. Signaturefd LLC grew 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 last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its position in 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 acquiring an additional 240 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBLX has been the subject of several research reports. Morgan Stanley lowered their target price on Roblox from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Macquarie upped their price objective on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Wedbush upped their price objective on Roblox from $110.00 to $142.00 and gave the stock an "outperform" rating in a research note on Friday. BTIG Research upped their price objective on Roblox from $73.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Finally, Barclays upped their price objective on Roblox from $46.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.95.

Roblox Stock Up 0.6%

NYSE RBLX traded up $0.67 during trading hours on Friday, hitting $118.79. 5,550,984 shares of the company were exchanged, compared to its average volume of 8,101,534. The company has a 50 day moving average of $100.68 and a two-hundred day moving average of $76.37. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. Roblox Corporation has a 52-week low of $35.30 and a 52-week high of $127.99. The firm has a market cap of $80.57 billion, a price-to-earnings ratio of -88.65 and a beta of 1.60.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.14 billion. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The business's quarterly revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.43) EPS. Equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity

In other news, CEO David Baszucki sold 1,375,002 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $72.19, for a total transaction of $99,261,394.38. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 6,651,690 shares of company stock worth $593,440,562. 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.