20,897 Shares in Roblox Corporation $RBLX Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Roblox Corporation (NYSE:RBLX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,897 shares of the company’s stock, valued at approximately $2,895,000.

A number of other institutional investors have also recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in Roblox by 2.3% during the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after purchasing an additional 231 shares during the period. Focus Partners Wealth raised its holdings in Roblox by 88.9% during the 1st quarter. Focus Partners Wealth now owns 35,547 shares of the company’s stock valued at $2,072,000 after buying an additional 16,725 shares during the period. Strs Ohio bought a new stake in Roblox in the first quarter worth $836,000. AG2R LA Mondiale Gestion D Actifs purchased a new position in Roblox during the first quarter worth $1,088,000. Finally, RDA Financial Network bought a new position in Roblox during the second quarter valued at $327,000. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RBLX shares. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price target on shares of Roblox in a research note on Friday, October 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a research note on Monday, December 29th. UBS Group set a $99.00 target price on Roblox in a research note on Tuesday, December 9th. The Goldman Sachs Group upgraded Roblox from a “neutral” rating to a “buy” rating and increased their price target for the stock from $155.00 to $180.00 in a report on Friday, October 31st. Finally, Benchmark restated a “hold” rating on shares of Roblox in a report on Friday, October 31st. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.65.

Roblox Stock Up 4.7%

Shares of NYSE:RBLX opened at $76.69 on Tuesday. The business’s 50 day moving average is $90.40 and its 200 day moving average is $112.57. The stock has a market cap of $50.22 billion, a P/E ratio of -53.63 and a beta of 1.64. Roblox Corporation has a 52-week low of $50.10 and a 52-week high of $150.59. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business earned ($0.37) EPS. The business’s revenue for the quarter was up 70.3% compared to the same quarter last year. Sell-side analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Insider Activity at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 20,867 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $96.10, for a total transaction of $2,005,318.70. Following the transaction, the insider owned 239,775 shares of the company’s stock, valued at approximately $23,042,377.50. This trade represents a 8.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $104.07, for a total transaction of $6,868,620.00. Following the completion of the sale, the director directly owned 266,008 shares of the company’s stock, valued at $27,683,452.56. The trade was a 19.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 497,300 shares of company stock worth $45,713,286 over the last quarter. Corporate insiders own 12.92% of the company’s stock.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.