Daiwa Securities Group Inc. Grows Stake in Roblox Co. (NYSE:RBLX)

Daiwa Securities Group Inc. grew its stake in Roblox Co. (NYSE:RBLX) by 5.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 55,239 shares of the company’s stock after purchasing an additional 2,927 shares during the period. Daiwa Securities Group Inc.’s holdings in Roblox were worth $2,445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in shares of Roblox by 31.9% in the first quarter. Advisors Asset Management Inc. now owns 2,780 shares of the company’s stock worth $106,000 after buying an additional 672 shares during the period. Janus Henderson Group PLC increased its stake in Roblox by 22.7% in the first quarter. Janus Henderson Group PLC now owns 49,520 shares of the company’s stock worth $1,890,000 after purchasing an additional 9,159 shares during the period. California State Teachers Retirement System lifted its position in shares of Roblox by 0.8% during the first quarter. California State Teachers Retirement System now owns 669,967 shares of the company’s stock worth $25,579,000 after purchasing an additional 5,621 shares during the last quarter. Swedbank AB purchased a new stake in shares of Roblox during the first quarter valued at $2,024,000. Finally, Cetera Advisors LLC grew its holdings in shares of Roblox by 45.2% in the first quarter. Cetera Advisors LLC now owns 17,279 shares of the company’s stock worth $660,000 after purchasing an additional 5,377 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, Director Anthony P. Lee sold 25,000 shares of Roblox stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $52.34, for a total value of $1,308,500.00. Following the completion of the transaction, the director now directly owns 5,731,695 shares of the company’s stock, valued at $299,996,916.30. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amy Marie Rawlings sold 2,186 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the sale, the chief accounting officer now directly owns 91,062 shares in the company, valued at $4,817,179.80. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,013,607 shares of company stock valued at $48,434,122 over the last 90 days. 22.15% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on RBLX shares. The Goldman Sachs Group lifted their price target on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company increased their price target on Roblox from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Needham & Company LLC lifted their price objective on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Citigroup increased their target price on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.30.

Roblox Stock Up 0.6 %

RBLX stock opened at $49.37 on Thursday. Roblox Co. has a one year low of $29.55 and a one year high of $55.10. The firm has a market cap of $29.99 billion, a PE ratio of -30.10 and a beta of 1.56. The firm’s 50 day moving average price is $46.21 and its 200-day moving average price is $41.27. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.45) earnings per share. On average, equities research analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

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.