Roblox Co. (NYSE:RBLX) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of Roblox Co. (NYSE:RBLX) by 35.2% in the fourth quarter, Holdings Channel reports. The fund owned 460,217 shares of the company’s stock after purchasing an additional 119,942 shares during the period. Ameriprise Financial Inc.’s holdings in Roblox were worth $26,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MetLife Investment Management LLC increased its position in Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company’s stock worth $1,873,000 after purchasing an additional 161 shares during the period. Rakuten Securities Inc. boosted its position in shares of Roblox by 25.6% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock worth $55,000 after purchasing an additional 195 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of Roblox by 4.6% during the 4th quarter. Simon Quick Advisors LLC now owns 4,915 shares of the company’s stock worth $284,000 after purchasing an additional 217 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after purchasing an additional 230 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Roblox by 3.8% in the fourth quarter. Yousif Capital Management LLC now owns 6,672 shares of the company’s stock valued at $386,000 after purchasing an additional 245 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roblox

In related news, CAO Amy Marie Rawlings sold 4,468 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.34, for a total transaction of $274,067.12. Following the completion of the sale, the chief accounting officer now directly owns 75,583 shares of the company’s stock, valued at approximately $4,636,261.22. This represents a 5.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Reinstra sold 16,432 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.39, for a total value of $1,008,760.48. Following the transaction, the insider now owns 322,774 shares in the company, valued at approximately $19,815,095.86. This represents a 4.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,131,507 shares of company stock valued at $144,420,228 over the last ninety days. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Up 4.9%

Shares of RBLX opened at $77.06 on Wednesday. Roblox Co. has a fifty-two week low of $30.83 and a fifty-two week high of $77.69. The company’s fifty day moving average is $61.23 and its two-hundred day moving average is $60.01. The firm has a market cap of $48.55 billion, a PE ratio of -53.14 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.09. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted ($0.43) EPS. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. Analysts forecast that Roblox Co. will post -1.49 earnings per share for the current year.

Analysts Set New Price Targets

RBLX has been the topic of several recent analyst reports. Roth Mkm upped their target price on shares of Roblox from $72.00 to $74.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Wells Fargo & Company raised their price objective on Roblox from $70.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Citigroup lifted their price objective on Roblox from $78.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Piper Sandler reissued an “overweight” rating and issued a $72.00 target price (up previously from $65.00) on shares of Roblox in a report on Tuesday, January 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Roblox in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.91.

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.