ASR Vermogensbeheer N.V. Purchases New Holdings in Roblox Corporation (NYSE:RBLX)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in Roblox Corporation worth approximately $1.94 million during the first quarter, purchasing 33,311 shares.
• Analysts have raised their target prices for Roblox, with JPMorgan Chase setting a price of $125.00 and Wedbush raising it to $165.00, indicating strong confidence in the company's stock.
• Roblox reported a 50.5% year-over-year increase in revenue but had a loss of ($0.41) earnings per share, missing consensus estimates by ($0.04).

ASR Vermogensbeheer N.V. acquired a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,311 shares of the company's stock, valued at approximately $1,942,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RBLX. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Roblox by 15.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock worth $2,096,000 after purchasing an additional 4,760 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Roblox in the first quarter worth about $890,000. IFM Investors Pty Ltd lifted its holdings in Roblox by 7.2% in the first quarter. IFM Investors Pty Ltd now owns 92,118 shares of the company's stock worth $5,370,000 after buying an additional 6,180 shares during the period. Montag A & Associates Inc. lifted its holdings in Roblox by 1,193.7% in the first quarter. Montag A & Associates Inc. now owns 26,934 shares of the company's stock worth $1,570,000 after buying an additional 24,852 shares during the period. Finally, Azzad Asset Management Inc. ADV purchased a new stake in Roblox in the first quarter worth about $280,000. 94.46% of the stock is owned by institutional investors.

Roblox Price Performance

Shares of RBLX traded down $0.88 during trading hours on Friday, reaching $128.75. 5,703,051 shares of the stock traded hands, compared to its average volume of 9,982,098. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 52-week low of $36.77 and a 52-week high of $150.59. The company's 50-day moving average price is $109.58 and its two-hundred day moving average price is $81.00. The company has a market cap of $83.05 billion, a P/E ratio of -90.03 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%. The firm's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.32) EPS. On average, analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on RBLX. JPMorgan Chase & Co. raised their price objective on shares of Roblox from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Roth Mkm raised their price objective on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Piper Sandler raised their price objective on shares of Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. BMO Capital Markets raised their price objective on shares of Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Wedbush raised their price objective on shares of Roblox from $142.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and an average price target of $117.59.

Insider Activity at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $129.37, for a total transaction of $8,538,420.00. Following the sale, the director directly owned 279,868 shares in the company, valued at approximately $36,206,523.16. This represents a 19.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $133.67, for a total transaction of $802,020.00. Following the sale, the insider owned 301,223 shares in the company, valued at $40,264,478.41. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,441,460 shares of company stock worth $517,140,722 in the last quarter. 12.92% of the stock is owned by company insiders.

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.