Roblox Co. (NYSE:RBLX) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Roblox Co. (NYSE:RBLX - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,084,605 shares of the company's stock after buying an additional 140,050 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.34% of Roblox worth $120,615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RBLX. MetLife Investment Management LLC lifted its holdings in shares of Roblox by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after purchasing an additional 161 shares in the last quarter. Rakuten Securities Inc. grew 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 buying an additional 195 shares during the last quarter. Simon Quick Advisors LLC grew its stake in shares of Roblox by 4.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock worth $284,000 after buying an additional 217 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after purchasing an additional 230 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock valued at $386,000 after purchasing an additional 245 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roblox

In related news, Director Anthony P. Lee sold 14,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $82.45, for a total transaction of $1,154,300.00. Following the completion of the transaction, the director now owns 293,728 shares in the company, valued at $24,217,873.60. This represents a 4.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total value of $347,940.00. Following the completion of the sale, the insider now directly owns 364,244 shares of the company's stock, valued at $21,122,509.56. The trade was a 1.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,482,039 shares of company stock valued at $173,560,818 in the last quarter. 12.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on RBLX. Roth Mkm raised their price target on Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. OTR Global raised Roblox from a "mixed" rating to a "positive" rating in a research report on Monday, February 3rd. Benchmark upped their price target on shares of Roblox from $71.00 to $77.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wedbush restated an "outperform" rating and set a $83.00 price target on shares of Roblox in a research report on Thursday, April 24th. 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 research report on Friday, February 7th. One 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus target price of $68.68.

Roblox Stock Up 0.1%

NYSE:RBLX traded up $0.06 during trading hours on Thursday, hitting $84.70. 2,049,840 shares of the company traded hands, compared to its average volume of 8,649,348. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The firm's 50-day simple moving average is $66.75 and its 200-day simple moving average is $62.43. Roblox Co. has a one year low of $32.31 and a one year high of $85.98. The company has a market cap of $53.36 billion, a PE ratio of -58.40 and a beta of 1.46.

Roblox (NYSE:RBLX - Get Free Report) last announced 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 return on equity of 665.98% and a negative net margin of 25.97%. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the business posted ($0.43) EPS. The firm's quarterly revenue was up 30.6% compared to the same quarter last year. Equities analysts predict that Roblox Co. 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.