Mitsubishi UFJ Asset Management Co. Ltd. Has $20.49 Million Position in Roblox Co. (NYSE:RBLX)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Roblox Co. (NYSE:RBLX) by 8.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 338,874 shares of the company’s stock after acquiring an additional 26,024 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.06% of Roblox worth $20,492,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RBLX. Versant Capital Management Inc increased its holdings in Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock worth $43,000 after buying an additional 230 shares during the period. Rakuten Securities Inc. increased its stake in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock valued at $56,000 after acquiring an additional 633 shares during the period. Finally, True Wealth Design LLC boosted its stake in Roblox by 33,875.0% during the 3rd quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock worth $60,000 after acquiring an additional 1,355 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In related news, insider Mark Reinstra sold 50,000 shares of Roblox stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total transaction of $3,249,000.00. Following the completion of the sale, the insider now directly owns 281,161 shares of the company’s stock, valued at approximately $18,269,841.78. This trade represents a 15.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the transaction, the chief accounting officer now directly owns 75,528 shares in the company, valued at approximately $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 926,466 shares of company stock valued at $60,212,297 in the last quarter. 22.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RBLX. Piper Sandler reiterated an “overweight” rating and issued a $72.00 target price (up from $65.00) on shares of Roblox in a report on Tuesday, January 28th. CICC Research assumed coverage on Roblox in a report on Tuesday, January 14th. They set an “outperform” rating on the stock. FBN Securities started coverage on Roblox in a report on Friday. They issued a “sector perform” rating and a $65.00 price target for the company. Wells Fargo & Company lifted their price objective on Roblox from $58.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Wedbush restated an “outperform” rating and set a $83.00 target price on shares of Roblox in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.23.

Roblox Stock Down 0.9 %

Roblox stock opened at $58.99 on Monday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74. The firm has a market capitalization of $36.51 billion, a PE ratio of -40.68 and a beta of 1.49. The company’s 50-day moving average is $63.22 and its 200-day moving average is $55.56. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current year.

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.