UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $120.62 Million Holdings in Roblox Co. (NYSE:RBLX)

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

Several other large investors also recently modified their holdings of the business. MetLife Investment Management LLC grew its holdings in 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 acquiring an additional 161 shares in the last quarter. Rakuten Securities Inc. grew its stake in Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after purchasing an additional 195 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in Roblox by 4.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company's stock valued at $284,000 after buying an additional 217 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock valued at $43,000 after buying an additional 230 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Roblox by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 6,672 shares of the company's stock worth $386,000 after buying an additional 245 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RBLX shares. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price target on the stock. in a research report on Friday, February 7th. Roth Mkm increased their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Oppenheimer lifted their price target on shares of Roblox from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Citigroup increased their price objective on shares of Roblox from $78.00 to $85.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, BMO Capital Markets restated an "outperform" rating on shares of Roblox in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.68.

Roblox Price Performance

Shares of NYSE:RBLX traded down $0.80 during trading on Wednesday, reaching $84.63. The company had a trading volume of 5,667,246 shares, compared to its average volume of 7,725,818. The firm's fifty day moving average is $66.29 and its 200 day moving average is $62.28. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market capitalization of $53.32 billion, a PE ratio of -58.37 and a beta of 1.46. Roblox Co. has a twelve month low of $32.30 and a twelve month high of $85.92.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The firm's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.43) earnings per share. On average, equities analysts forecast that Roblox Co. will post -1.49 EPS for the current year.

Insider Activity

In related news, insider Arvind Chakravarthy sold 982 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $61.26, for a total transaction of $60,157.32. Following the completion of the sale, the insider now directly owns 204,261 shares of the company's stock, valued at $12,513,028.86. This represents a 0.48% 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, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the completion of the transaction, the insider now owns 364,244 shares in the company, valued at approximately $21,122,509.56. This trade represents a 1.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,483,021 shares of company stock worth $173,620,975 over the last 90 days. 12.92% of the stock is currently owned by company insiders.

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.