Roblox Corporation (NYSE:RBLX) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 60.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,218 shares of the company's stock after buying an additional 44,886 shares during the quarter. KBC Group NV's holdings in Roblox were worth $6,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Roblox by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 53,239,693 shares of the company's stock valued at $3,080,449,000 after acquiring an additional 462,450 shares during the period. FMR LLC lifted its position in shares of Roblox by 89.4% during the fourth quarter. FMR LLC now owns 39,658,528 shares of the company's stock worth $2,294,642,000 after purchasing an additional 18,715,837 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Roblox by 74,400.8% during the fourth quarter. Wealthfront Advisers LLC now owns 17,335,594 shares of the company's stock valued at $1,063,365,000 after purchasing an additional 17,312,325 shares during the period. Geode Capital Management LLC grew its holdings in shares of Roblox by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 8,579,173 shares of the company's stock worth $495,564,000 after purchasing an additional 246,610 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Roblox by 24.3% in the 4th quarter. Renaissance Technologies LLC now owns 7,570,959 shares of the company's stock worth $438,056,000 after buying an additional 1,478,421 shares during the period. Institutional investors own 94.46% of the company's stock.

Roblox Stock Up 1.7%

Roblox stock traded up $1.67 during midday trading on Wednesday, reaching $102.32. The company's stock had a trading volume of 9,559,318 shares, compared to its average volume of 8,028,300. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $69.40 billion, a P/E ratio of -76.36 and a beta of 1.60. The stock's 50-day simple moving average is $85.80 and its 200-day simple moving average is $69.86. Roblox Corporation has a 52-week low of $35.30 and a 52-week high of $106.17.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative net margin of 22.94% and a negative return on equity of 442.68%. The company's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.43) earnings per share. On average, sell-side analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Insiders Place Their Bets

In other news, CEO David Baszucki sold 139,507 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $105.19, for a total value of $14,674,741.33. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at $22,253,891.21. This trade represents a 39.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $103.35, for a total transaction of $620,100.00. Following the sale, the insider owned 319,223 shares of the company's stock, valued at approximately $32,991,697.05. The trade was a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,858,857 shares of company stock worth $600,571,407 over the last three months. Corporate insiders own 12.92% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on RBLX. BMO Capital Markets restated an "outperform" rating and issued a $95.00 target price (up from $82.00) on shares of Roblox in a research note on Friday, May 30th. BTIG Research lifted their target price on Roblox from $73.00 to $124.00 and gave the company a "buy" rating in a research report on Tuesday. Canaccord Genuity Group increased their price target on Roblox from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Piper Sandler restated an "overweight" rating and set a $105.00 price target (up previously from $85.00) on shares of Roblox in a research note on Thursday, June 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Roblox presently has an average rating of "Moderate Buy" and a consensus price target of $83.52.

About Roblox

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.