Mirae Asset Global Investments Co. Ltd. Increases Holdings in Roblox Co. (NYSE:RBLX)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 361,202 shares of the company's stock after acquiring an additional 56,130 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Roblox worth $16,514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC acquired a new stake in Roblox in the fourth quarter worth about $25,000. 1832 Asset Management L.P. bought a new position in shares of Roblox in the 1st quarter valued at about $32,000. Penserra Capital Management LLC acquired a new stake in shares of Roblox during the 4th quarter worth approximately $43,000. High Net Worth Advisory Group LLC raised its stake in shares of Roblox by 900.0% during the first quarter. High Net Worth Advisory Group LLC now owns 1,000 shares of the company's stock worth $46,000 after buying an additional 900 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Roblox by 566.5% in the fourth quarter. Blue Trust Inc. now owns 1,073 shares of the company's stock valued at $49,000 after buying an additional 912 shares during the period. Institutional investors and hedge funds own 91.08% of the company's stock.

Roblox Stock Down 1.4 %

Shares of NYSE RBLX traded down $0.54 during mid-day trading on Thursday, hitting $39.26. The company had a trading volume of 5,171,899 shares, compared to its average volume of 7,728,287. Roblox Co. has a one year low of $24.88 and a one year high of $47.65. The company has a market capitalization of $22.83 billion, a PE ratio of -20.99 and a beta of 1.63. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.64. The firm has a 50-day simple moving average of $40.04 and a two-hundred day simple moving average of $38.43.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.57) by $0.05. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the prior year, the business posted ($0.48) EPS. The business's revenue was up 25.3% compared to the same quarter last year. On average, equities analysts expect that Roblox Co. will post -2.1 EPS for the current year.

Insider Activity at Roblox

In related news, insider Mark Reinstra sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $38.58, for a total transaction of $154,320.00. Following the transaction, the insider now directly owns 258,310 shares of the company's stock, valued at approximately $9,965,599.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Mark Reinstra sold 4,000 shares of the company's stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $38.58, for a total value of $154,320.00. Following the transaction, the insider now owns 258,310 shares in the company, valued at approximately $9,965,599.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gregory Baszucki sold 8,333 shares of the firm's stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $41.17, for a total transaction of $343,069.61. Following the sale, the director now owns 9,786,603 shares of the company's stock, valued at $402,914,445.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 707,707 shares of company stock worth $29,533,927. Insiders own 27.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Benchmark reiterated a "buy" rating and set a $46.00 target price on shares of Roblox in a research report on Tuesday, January 23rd. Wells Fargo & Company initiated coverage on Roblox in a research note on Wednesday, December 13th. They issued an "overweight" rating and a $49.00 target price on the stock. Wedbush raised their target price on Roblox from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. Needham & Company LLC upped their price target on Roblox from $51.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group raised shares of Roblox from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $35.00 to $48.00 in a research note on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $46.25.

About Roblox

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.