CIBC Asset Management Inc Acquires 2,923 Shares of Roblox Co. (NYSE:RBLX)

CIBC Asset Management Inc grew its position in Roblox Co. (NYSE:RBLX) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,244 shares of the company’s stock after purchasing an additional 2,923 shares during the quarter. CIBC Asset Management Inc’s holdings in Roblox were worth $1,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Frazier Financial Advisors LLC grew its position in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares during the last quarter. Huntington National Bank grew its position in shares of Roblox by 277.0% in the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares during the last quarter. True Wealth Design LLC grew its position in shares of Roblox by 33,875.0% in the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after purchasing an additional 1,355 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Roblox by 29.2% in the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Down 0.5 %

Shares of RBLX opened at $62.52 on Friday. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $75.74. The stock has a market capitalization of $38.70 billion, a price-to-earnings ratio of -43.11 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. The stock has a fifty day moving average of $64.04 and a 200-day moving average of $52.45.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roblox news, Director Anthony P. Lee sold 25,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $51.19, for a total transaction of $1,279,750.00. Following the completion of the sale, the director now directly owns 5,706,695 shares in the company, valued at approximately $292,125,717.05. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Arvind Chakravarthy sold 14,269 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $49.43, for a total value of $705,316.67. Following the sale, the insider now owns 244,803 shares of the company’s stock, valued at approximately $12,100,612.29. The trade was a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,062,052 shares of company stock valued at $65,611,500 in the last three months. Insiders own 22.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RBLX. JPMorgan Chase & Co. upped their target price on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. The Goldman Sachs Group increased their price target on Roblox from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Wedbush reissued an “outperform” rating and set a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. Macquarie increased their price target on Roblox from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $62.00 price target (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.