CIBC Asset Management Inc Has $1.35 Million Position in Roblox Co. (NYSE:RBLX)

CIBC Asset Management Inc grew its holdings in shares of Roblox Co. (NYSE:RBLX) by 14.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,244 shares of the company’s stock after acquiring an additional 2,923 shares during the quarter. CIBC Asset Management Inc’s holdings in Roblox were worth $1,345,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Roblox by 24.5% in the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock valued at $926,924,000 after buying an additional 4,115,286 shares during the period. State Street Corp grew its stake in shares of Roblox by 2.3% in the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after buying an additional 240,565 shares during the period. ValueAct Holdings L.P. grew its stake in shares of Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after buying an additional 7,835,921 shares during the period. Geode Capital Management LLC grew its stake in shares of Roblox by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after buying an additional 408,915 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of Roblox by 32.9% in the 3rd quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company’s stock valued at $259,576,000 after buying an additional 1,452,900 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 6,448 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.33, for a total transaction of $395,455.84. Following the completion of the transaction, the chief executive officer now owns 122,853 shares in the company, valued at approximately $7,534,574.49. This represents a 4.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amy Marie Rawlings sold 5,879 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the transaction, the chief accounting officer now owns 75,528 shares of the company’s stock, valued at $4,909,320. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,062,052 shares of company stock worth $65,611,500. 22.15% of the stock is owned by company insiders.

Roblox Stock Down 0.5 %

Shares of NYSE:RBLX opened at $62.52 on Friday. The company has a market capitalization of $38.70 billion, a PE ratio of -43.11 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. The business has a fifty day moving average price of $64.04 and a two-hundred day moving average price of $52.45. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on RBLX shares. Macquarie raised their target price on Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their target price on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. The Goldman Sachs Group lifted their price target on Roblox from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Wedbush reiterated an “outperform” rating and set a $83.00 price target on shares of Roblox in a research note on Friday, February 7th. Finally, HSBC began coverage on Roblox in a research note on Thursday, December 12th. They set a “buy” rating and a $63.00 price target for the company. 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. According to data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average target price 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.