Daiwa Securities Group Inc. Has $2.22 Million Stake in Roblox Co. (NYSE:RBLX)

Daiwa Securities Group Inc. lifted its position in shares of Roblox Co. (NYSE:RBLX) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,470 shares of the company’s stock after acquiring an additional 9,700 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Roblox were worth $2,216,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RBLX. Allspring Global Investments Holdings LLC acquired a new stake in shares of Roblox during the 4th quarter valued at $25,000. Blue Trust Inc. grew its position in shares of Roblox by 566.5% in the 4th quarter. Blue Trust Inc. now owns 1,073 shares of the company’s stock valued at $49,000 after buying an additional 912 shares during the last quarter. Allworth Financial LP grew its position in shares of Roblox by 90.2% in the 4th quarter. Allworth Financial LP now owns 1,238 shares of the company’s stock valued at $57,000 after buying an additional 587 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Roblox in the 4th quarter valued at about $58,000. Finally, Impact Partnership Wealth LLC grew its position in shares of Roblox by 23.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,127 shares of the company’s stock valued at $62,000 after buying an additional 403 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RBLX shares. Benchmark reiterated a “buy” rating and issued a $46.00 price target on shares of Roblox in a research report on Tuesday, January 23rd. Barclays upgraded Roblox from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.00 to $46.00 in a research report on Thursday, February 8th. Needham & Company LLC upped their price target on Roblox from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Roth Mkm upped their price target on Roblox from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group raised Roblox from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $35.00 to $48.00 in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and a consensus target price of $46.85.

Roblox Price Performance

RBLX stock opened at $34.96 on Tuesday. The stock’s 50 day simple moving average is $39.15 and its 200 day simple moving average is $38.97. Roblox Co. has a fifty-two week low of $24.88 and a fifty-two week high of $47.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.64.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported ($0.52) EPS for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.05. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. Roblox had a negative return on equity of 770.71% and a negative net margin of 41.15%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.48) EPS. Equities research analysts forecast that Roblox Co. will post -2.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, CAO Amy Marie Rawlings sold 3,777 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total transaction of $153,497.28. Following the completion of the sale, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at approximately $3,906,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Amy Marie Rawlings sold 3,777 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.64, for a total value of $153,497.28. Following the completion of the transaction, the chief accounting officer now directly owns 96,125 shares of the company’s stock, valued at $3,906,520. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David Baszucki sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $44.15, for a total value of $8,830,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1 shares of the company’s stock, valued at $44.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 707,707 shares of company stock valued at $29,526,367. Corporate insiders own 22.15% of the company’s stock.

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.