Deutsche Bank AG Has $107.47 Million Stock Holdings in Roblox Corporation (NYSE:RBLX)

Key Points

• Deutsche Bank AG increased its stake in Roblox Corporation by 5.7% during the first quarter, acquiring an additional 99,207 shares, bringing its total ownership to over 1.84 million shares valued at approximately $107.47 million.
• Roblox reported a quarterly revenue of $1.44 billion, exceeding analysts' expectations of $1.20 billion, despite a loss of ($0.41) earnings per share.
• Institutional investors now hold 94.46% of Roblox's stock, with a significant number of recent adjustments to stock holdings from other large investors.

Deutsche Bank AG boosted its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,843,721 shares of the company's stock after buying an additional 99,207 shares during the period. Deutsche Bank AG owned 0.29% of Roblox worth $107,470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AlpInvest Partners B.V. lifted its stake in Roblox by 25.0% during the first quarter. AlpInvest Partners B.V. now owns 41,100 shares of the company's stock valued at $2,396,000 after buying an additional 8,220 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Roblox by 8.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,323,611 shares of the company's stock worth $135,443,000 after purchasing an additional 175,770 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new position in Roblox in the first quarter worth approximately $1,942,000. Fi3 FINANCIAL ADVISORS LLC acquired a new position in Roblox in the first quarter worth approximately $251,000. Finally, AXS Investments LLC acquired a new position in Roblox in the first quarter worth approximately $441,000. Institutional investors own 94.46% of the company's stock.

Roblox Price Performance

Shares of NYSE RBLX traded down $1.23 during midday trading on Tuesday, reaching $129.51. 5,703,553 shares of the company traded hands, compared to its average volume of 9,921,019. The stock's 50-day simple moving average is $111.20 and its 200-day simple moving average is $81.78. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The firm has a market cap of $83.54 billion, a PE ratio of -90.57 and a beta of 1.63.

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

Insider Transactions at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $129.37, for a total transaction of $8,538,420.00. Following the completion of the transaction, the director directly owned 279,868 shares in the company, valued at approximately $36,206,523.16. The trade was a 19.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Baszucki sold 875 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total value of $110,880.00. Following the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $26,808,756.48. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,215,535 shares of company stock valued at $500,468,909 in the last three months. Company insiders own 12.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on RBLX shares. Macquarie increased their price target on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Citigroup raised their price objective on shares of Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group raised their price objective on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Oppenheimer restated an "outperform" rating and issued a $125.00 price objective (up previously from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. 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 research note on Friday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.59.

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.