Roblox Corporation (NYSE:RBLX) Stock Holdings Boosted by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Roblox Corporation by 10.8%, acquiring an additional 3,868 shares in the first quarter, bringing its total holdings to 39,599 shares valued at approximately $2.3 million.
• CEO David Baszucki sold over 1.3 million shares of Roblox at an average price of $72.19, drastically reducing his ownership by 86.1%.
• Roblox's stock price recently increased by 5.8%, reaching $125.19, with analysts setting varied price targets ranging from $63 to $142.

Allianz Asset Management GmbH grew its position in Roblox Corporation (NYSE:RBLX - Free Report) by 10.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,599 shares of the company's stock after buying an additional 3,868 shares during the period. Allianz Asset Management GmbH's holdings in Roblox were worth $2,308,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Montag A & Associates Inc. lifted its stake in shares of Roblox by 1,193.7% in the 1st quarter. Montag A & Associates Inc. now owns 26,934 shares of the company's stock valued at $1,570,000 after purchasing an additional 24,852 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of Roblox by 73.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 8,688 shares of the company's stock valued at $506,000 after purchasing an additional 3,685 shares during the period. Financial Harvest LLC acquired a new position in shares of Roblox in the 1st quarter valued at $655,000. ODonnell Financial Services LLC acquired a new position in shares of Roblox in the 1st quarter valued at $791,000. Finally, Allegiance Financial Group Advisory Services LLC raised its position in Roblox by 132.8% during the first quarter. Allegiance Financial Group Advisory Services LLC now owns 9,167 shares of the company's stock worth $534,000 after acquiring an additional 5,230 shares during the period. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Activity at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $118.51, for a total value of $711,060.00. Following the transaction, the insider directly owned 307,223 shares in the company, valued at $36,408,997.73. The trade was a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Baszucki sold 139,507 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $105.19, for a total transaction of $14,674,741.33. Following the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $22,253,891.21. This trade represents a 39.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,651,690 shares of company stock valued at $593,440,562 over the last 90 days. Insiders own 12.92% of the company's stock.

Roblox Stock Down 9.2%

NYSE:RBLX traded down $12.63 during mid-day trading on Friday, hitting $125.16. 14,997,187 shares of the stock traded hands, compared to its average volume of 8,640,285. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.02 and a current ratio of 1.02. The firm's 50 day moving average is $105.05 and its two-hundred day moving average is $78.56. Roblox Corporation has a 52 week low of $35.30 and a 52 week high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative return on equity of 417.87% and a negative net margin of 23.67%. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the previous year, the company posted ($0.32) EPS. Roblox's revenue for the quarter was up 50.5% on a year-over-year basis. As a group, equities research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Oppenheimer reissued an "outperform" rating and issued a $125.00 price objective (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price target on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. BMO Capital Markets raised their target price on shares of Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday. Macquarie raised their target price on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, BTIG Research set a $131.00 price objective on Roblox and gave the stock a "buy" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.59.

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.