Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Roblox Co. (NYSE:RBLX – Free Report) by 13.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,748 shares of the company’s stock after purchasing an additional 14,648 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Roblox were worth $5,566,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in RBLX. Resurgent Financial Advisors LLC bought a new position in shares of Roblox during the 4th quarter worth about $25,000. Slow Capital Inc. bought a new position in shares of Roblox during the 1st quarter worth about $31,000. 1832 Asset Management L.P. bought a new position in shares of Roblox during the 1st quarter worth about $32,000. James Investment Research Inc. bought a new position in shares of Roblox during the 1st quarter worth about $33,000. Finally, Fifth Third Bancorp boosted its position in shares of Roblox by 62.5% during the 1st quarter. Fifth Third Bancorp now owns 759 shares of the company’s stock worth $34,000 after purchasing an additional 292 shares in the last quarter. Institutional investors own 64.57% of the company’s stock.
Roblox Trading Down 2.5 %
Shares of RBLX stock opened at $29.83 on Friday. The company has a 50 day moving average of $39.81 and a 200-day moving average of $40.02. The company has a debt-to-equity ratio of 6.12, a quick ratio of 1.15 and a current ratio of 1.10. Roblox Co. has a 12-month low of $25.32 and a 12-month high of $52.15.
Insider Transactions at Roblox
In related news, CAO Amy Marie Rawlings sold 2,859 shares of Roblox stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $39.63, for a total value of $113,302.17. Following the completion of the transaction, the chief accounting officer now directly owns 88,028 shares in the company, valued at approximately $3,488,549.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Amy Marie Rawlings sold 2,859 shares of Roblox stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $39.63, for a total value of $113,302.17. Following the completion of the transaction, the chief accounting officer now directly owns 88,028 shares in the company, valued at approximately $3,488,549.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Donato sold 2,954 shares of Roblox stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $39.03, for a total transaction of $115,294.62. Following the completion of the transaction, the insider now owns 1,245,143 shares of the company’s stock, valued at $48,597,931.29. The disclosure for this sale can be found here. Insiders sold a total of 1,379,146 shares of company stock worth $52,280,944 in the last quarter. Insiders own 27.67% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on RBLX shares. Roth Mkm raised shares of Roblox from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $48.00 in a research report on Thursday, May 11th. Canaccord Genuity Group dropped their price target on shares of Roblox from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday. VNET Group reaffirmed a “maintains” rating on shares of Roblox in a research report on Monday, May 8th. Morgan Stanley raised shares of Roblox from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $26.00 to $30.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Roblox from $55.00 to $45.00 in a research report on Thursday. Six research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.52.
View Our Latest Analysis on RBLX
About Roblox
Roblox Corporation develops and operates an online entertainment platform. The company 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 digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform.
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