Daiwa Securities Group Inc. Purchases 5,953 Shares of Roblox Co. (NYSE:RBLX)

Daiwa Securities Group Inc. raised its position in Roblox Co. (NYSE:RBLX) by 10.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 61,192 shares of the company’s stock after purchasing an additional 5,953 shares during the period. Daiwa Securities Group Inc.’s holdings in Roblox were worth $3,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its stake in shares of Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock valued at $2,660,000 after acquiring an additional 15,333 shares in the last quarter. Smith Group Asset Management LLC grew its position in shares of Roblox by 939.6% during the 4th 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 in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Roblox during the 4th quarter worth approximately $363,000. Silicon Valley Capital Partners increased its holdings in shares of Roblox by 3,010.0% during the fourth quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock worth $3,998,000 after purchasing an additional 66,882 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of Roblox by 320.0% in the fourth 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 in the last quarter. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

NYSE:RBLX opened at $55.75 on Friday. The stock’s 50-day moving average is $63.99 and its 200-day moving average is $54.24. Roblox Co. has a 1-year low of $29.55 and a 1-year 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. The stock has a market cap of $34.51 billion, a P/E ratio of -38.45 and a beta of 1.49.

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

Insider Activity at Roblox

In other news, Director Anthony P. Lee sold 250,000 shares of the 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 completion of the sale, the director now owns 6,254,137 shares of the company’s stock, valued at approximately $406,769,070.48. This represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Reinstra sold 24,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the transaction, the insider now owns 278,161 shares of the company’s stock, valued at $16,620,119.75. This trade represents a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 916,367 shares of company stock worth $59,700,949 over the last three months. Company insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

RBLX has been the topic of a number of recent research reports. Roth Mkm raised their price objective on Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. OTR Global upgraded Roblox from a “mixed” rating to a “positive” rating in a research report on Monday, February 3rd. Macquarie upped their price objective on shares of Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Wedbush reissued an “outperform” rating and issued a $83.00 target price on shares of Roblox in a report on Friday, February 7th. Finally, Raymond James restated a “strong-buy” rating and issued a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.