Sumitomo Mitsui Trust Holdings Inc. According to its most recent filing with the SEC, Roblox Co. in the third quarter. (NYSE:RBLX – Free Report ) increased its holdings by 20.2%. The fund owned 8,145,602 shares of the company’s stock after acquiring an additional 1,368,347 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 1.44% of Roblox worth $235,897,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Roblox by 7.5% during the second quarter. BlackRock Inc. after buying an additional 1,679,463 shares during the period. Now owns 24,097,576 shares of the company’s stock valued at $971,132,000. Schwab Charitable Fund raised its position in Roblox by 54.6% in the 3rd quarter. Schwab Charitable Fund now owns 683,455 shares of the company’s stock valued at $19,793,000 after purchasing an additional 241,364 shares during the period. SG Americas Securities LLC boosted its stake in Roblox by 829.1% in the 3rd quarter. SG Americas Securities LLC now owns 99,572 shares of the company’s stock worth $2,884,000 after acquiring an additional 88,855 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Roblox by 20.4% during the second quarter. Nordea Investment Management AB now owns 32,617 shares of the company’s stock worth $1,337,000 after acquiring an additional 5,522 shares during the period. Finally, Robeco Institutional Asset Management BV boosted its stake in shares of Roblox by 55.9% during the second quarter. Robeco Institutional Asset Management BV now owns 384,036 shares of the company’s stock valued at $15,477,000 after acquiring an additional 137,719 shares in the last quarter. Hedge funds and other institutional investors own 69.92% of the company’s stock.
In other Roblox news, major shareholder Han Kim sold 100,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $38.79, for a total transaction of $3,879,000.00. Following the transaction, the insider now directly owns 3,284,862 shares in the company, valued at $127,419,796.98. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Han Kim sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $38.79, for a total value of $3,879,000.00. Following the completion of the transaction, the insider now owns 3,284,862 shares of the company’s stock, valued at $127,419,796.98. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC website. Also, CEO David Bazzucci sold 103,846 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $46.02, for a total transaction of $4,778,992.92. Following the sale, the chief executive officer now directly owns 1 share in the company, valued at $46.02. Advertisement for this sale can be found here. In the last quarter, insiders sold 308,272 shares of company stock valued at $12,554,879. 27.67% of the company’s stock is held by company insiders.
Several equities research analysts have weighed in on the company. Roth Mkm reiterated a “buy” rating and issued a $48.00 target price on shares of Roblox in a report on Friday, October 13th. BMO Capital Markets initiated coverage on Roblox in a report on Tuesday. They issued an “outperform” rating and a $55.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Roblox in a research report on Thursday, November 16th. Wells Fargo & Co initiated coverage on shares of Roblox in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $49.00 target price for the company. Finally, Jefferies Financial Group dropped their price target on Roblox from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.10.
Check out our latest report on Roblox
NYSE:RBLX opened at $42.45 on Friday. The company has a 50-day moving average of $41.07 and a two-hundred-day moving average of $35.83. Roblox Co. has a 1-year low of $24.88 and a 1-year high of $47.65. The company has debt-to-equity ratio of 8.38, current ratio of 1.06 and quick ratio of 1.06. The firm has a market capitalization of $24.35 billion, a price-to-earnings ratio of -23.20 and a beta of 1.70.
Roblox (NYSE:RBLX – Get the Free Report ) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.07. The company had revenue of $839.45 million during the quarter, compared to the consensus estimate of $824.71 million. Roblox had a negative return on equity of 536.12% and a negative net margin of 42.54%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the company earned ($0.50) EPS. analysts predict that Roblox Co. will post -1.91 EPS for the current year.
(Free Report)
Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to create, publish and manage 3D experiences and other content; Roblox Client, an application that allows users to explore a 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides the services and infrastructure that power the human co-experience platform.
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