UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Roblox Co. (NYSE:RBLX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Roblox Co. (NYSE:RBLX) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,944,555 shares of the company’s stock after acquiring an additional 20,872 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Roblox were worth $86,066,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its position in shares of Roblox by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock valued at $2,318,000 after acquiring an additional 1,419 shares during the period. Entropy Technologies LP grew its stake in Roblox by 168.4% in the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after acquiring an additional 62,521 shares during the last quarter. Dragoneer Investment Group LLC increased its holdings in Roblox by 26.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock valued at $437,039,000 after acquiring an additional 2,488,044 shares in the last quarter. Itau Unibanco Holding S.A. raised its position in shares of Roblox by 62.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock worth $1,395,000 after purchasing an additional 14,348 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after acquiring an additional 4,115,286 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Analyst Ratings Changes

RBLX has been the subject of several analyst reports. Barclays boosted their target price on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Canaccord Genuity Group upped their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Citigroup upped their price target on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Benchmark upped their price objective on Roblox from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and an average price target of $55.30.

Insider Activity

In related news, CFO Michael Guthrie sold 3,443 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $45.01, for a total transaction of $154,969.43. Following the sale, the chief financial officer now directly owns 352,844 shares of the company’s stock, valued at approximately $15,881,508.44. This represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Manuel Bronstein sold 40,739 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $45.00, for a total value of $1,833,255.00. Following the transaction, the insider now owns 727,485 shares in the company, valued at $32,736,825. This trade represents a 5.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,013,607 shares of company stock worth $48,434,122. 22.15% of the stock is currently owned by corporate insiders.

Roblox Stock Up 4.1 %

Shares of Roblox stock opened at $52.18 on Tuesday. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $55.10. The business has a 50-day moving average of $46.35 and a 200-day moving average of $41.59. The company has a market capitalization of $31.70 billion, a PE ratio of -31.82 and a beta of 1.56.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.45) EPS. As a group, equities analysts forecast that Roblox Co. will post -1.56 EPS for the current fiscal year.

Roblox 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.