AEGON ASSET MANAGEMENT UK Plc Has $19.78 Million Stake in Roblox Co. (NYSE:RBLX)

AEGON ASSET MANAGEMENT UK Plc grew its position in Roblox Co. (NYSE:RBLX) by 23.2% in the third quarter, HoldingsChannel.com reports. The fund owned 447,067 shares of the company’s stock after buying an additional 84,198 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Roblox were worth $19,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Impact Partnership Wealth LLC increased its position in Roblox by 3.8% during the third quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock worth $298,000 after buying an additional 245 shares during the last quarter. Swedbank AB increased its holdings in shares of Roblox by 0.5% during the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock worth $1,983,000 after acquiring an additional 285 shares during the last quarter. Thrive Wealth Management LLC raised its stake in Roblox by 4.3% in the 2nd quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock valued at $274,000 after acquiring an additional 300 shares during the period. Atomi Financial Group Inc. lifted its holdings in Roblox by 0.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 136,658 shares of the company’s stock valued at $6,048,000 after purchasing an additional 380 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its position in Roblox by 2.3% during the second quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock worth $659,000 after purchasing an additional 400 shares during the period. 91.08% of the stock is owned by institutional investors.

Insider Activity

In other Roblox news, insider Mark Reinstra sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $40.00, for a total transaction of $480,000.00. Following the sale, the insider now directly owns 342,656 shares of the company’s stock, valued at $13,706,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Roblox news, insider Mark Reinstra sold 12,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $40.00, for a total value of $480,000.00. Following the sale, the insider now owns 342,656 shares in the company, valued at approximately $13,706,240. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amy Marie Rawlings sold 4,933 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total value of $199,046.55. Following the transaction, the chief accounting officer now owns 99,617 shares of the company’s stock, valued at $4,019,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,029,373 shares of company stock valued at $46,476,179 over the last quarter. 22.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Wedbush reiterated an “outperform” rating and set a $49.00 target price on shares of Roblox in a research note on Friday, October 25th. Wolfe Research began coverage on Roblox in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average price target of $55.30.

Roblox Trading Down 1.3 %

Shares of RBLX opened at $52.40 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $54.07. The firm has a market cap of $31.84 billion, a price-to-earnings ratio of -31.95 and a beta of 1.56. The business’s fifty day moving average is $44.30 and its 200-day moving average is $39.77.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.45) EPS. Equities analysts anticipate that Roblox Co. will post -1.56 EPS for the current fiscal year.

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.