Korea Investment CORP Grows Position in Roblox Co. (NYSE:RBLX)

Korea Investment CORP lifted its holdings in Roblox Co. (NYSE:RBLX) by 372.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,006 shares of the company’s stock after buying an additional 245,982 shares during the period. Korea Investment CORP’s holdings in Roblox were worth $18,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RBLX. Toronto Dominion Bank raised its holdings in shares of Roblox by 34.3% during the 3rd quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after acquiring an additional 15,333 shares during the period. Smith Group Asset Management LLC increased its position in Roblox by 939.6% during the fourth quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after purchasing an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Roblox during the fourth quarter worth about $363,000. Silicon Valley Capital Partners boosted its holdings in Roblox by 3,010.0% in the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after purchasing an additional 66,882 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of Roblox by 320.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,587 shares of the company’s stock valued at $149,000 after buying an additional 1,971 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RBLX shares. Roth Mkm upped their price objective on Roblox from $54.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Moffett Nathanson cut Roblox from a “neutral” rating to a “sell” rating and set a $34.00 price target for the company. in a report on Friday, February 7th. The Goldman Sachs Group boosted their price objective on shares of Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Wells Fargo & Company increased their target price on shares of Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Barclays reduced their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.23.

Insider Transactions at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $61.26, for a total transaction of $60,157.32. Following the transaction, the insider now owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of Roblox stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $65.04, for a total value of $16,260,000.00. Following the sale, the director now owns 6,254,137 shares in the company, valued at $406,769,070.48. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 926,466 shares of company stock valued at $60,212,297. Corporate insiders own 22.15% of the company’s stock.

Roblox Trading Down 0.9 %

Shares of NYSE:RBLX opened at $58.99 on Friday. The company has a market cap 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 two-hundred day moving average is $55.48. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. Equities analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal 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.