Nissay Asset Management Corp Japan ADV Acquires 7,947 Shares of Roblox Co. (NYSE:RBLX)

Nissay Asset Management Corp Japan ADV increased its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,354 shares of the company's stock after acquiring an additional 7,947 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Roblox were worth $7,750,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC increased its stake in Roblox by 89.4% in the 4th quarter. FMR LLC now owns 39,658,528 shares of the company's stock valued at $2,294,642,000 after buying an additional 18,715,837 shares during the period. Wealthfront Advisers LLC increased its stake in Roblox by 74,400.8% in the 4th quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after buying an additional 17,312,325 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Roblox by 1,084.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,813,347 shares of the company's stock valued at $278,500,000 after buying an additional 4,406,885 shares during the period. Durable Capital Partners LP acquired a new position in Roblox in the 4th quarter valued at approximately $246,560,000. Finally, Ieq Capital LLC increased its stake in Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company's stock valued at $960,049,000 after buying an additional 3,507,901 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Down 0.1%

Shares of NYSE RBLX traded down $0.11 during midday trading on Monday, reaching $81.16. The company's stock had a trading volume of 7,473,976 shares, compared to its average volume of 7,729,986. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a fifty-two week low of $31.59 and a fifty-two week high of $82.02. The stock has a market capitalization of $51.13 billion, a price-to-earnings ratio of -55.97 and a beta of 1.46. The stock has a 50 day simple moving average of $62.73 and a 200-day simple moving average of $60.86.

Roblox (NYSE:RBLX - Get Free Report) last issued 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 business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. The firm's revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.43) earnings per share. Equities research analysts predict that Roblox Co. will post -1.49 earnings per share for the current year.

Insider Buying and Selling

In other Roblox news, CEO David Baszucki sold 229,167 shares of Roblox stock in a transaction on Monday, April 7th. The shares were sold at an average price of $52.48, for a total transaction of $12,026,684.16. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares of the company's stock, valued at $11,649,667.84. The trade was a 50.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Reinstra sold 16,432 shares of Roblox stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.39, for a total transaction of $1,008,760.48. Following the transaction, the insider now directly owns 322,774 shares of the company's stock, valued at approximately $19,815,095.86. This trade represents a 4.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,432,954 shares of company stock worth $167,209,673. Insiders own 22.15% of the company's stock.

Wall Street Analyst Weigh In

RBLX has been the topic of several research reports. Roth Mkm upped their price objective on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Macquarie boosted their target price on shares of Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Wells Fargo & Company boosted their target price on shares of Roblox from $70.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Oppenheimer boosted their target price on shares of Roblox from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $68.68.

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.