KBC Group NV Increases Holdings in Roblox Co. (NYSE:RBLX)

KBC Group NV boosted its position in shares of Roblox Co. (NYSE:RBLX) by 15.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,332 shares of the company’s stock after purchasing an additional 9,699 shares during the quarter. KBC Group NV’s holdings in Roblox were worth $4,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc increased its stake in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after buying an additional 239 shares during the period. V Square Quantitative Management LLC purchased a new position in Roblox during the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC increased its position in Roblox by 20,800.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares during the period. GAMMA Investing LLC raised its holdings in shares of Roblox by 132.8% in the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after purchasing an additional 530 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of Roblox by 277.0% in the 3rd quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares during the period. 94.46% of the stock is owned by institutional investors.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 333,334 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $57.31, for a total transaction of $19,103,371.54. Following the sale, the chief executive officer now directly owns 129,295 shares of the company’s stock, valued at $7,409,896.45. This trade represents a 72.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $65.04, for a total value of $16,260,000.00. Following the completion of the transaction, the director now directly owns 6,254,137 shares of the company’s stock, valued at $406,769,070.48. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,207,812 shares of company stock worth $69,509,773 over the last 90 days. 22.15% of the stock is currently owned by company insiders.

Roblox Stock Up 1.9 %

Shares of RBLX stock opened at $71.39 on Friday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $71.77. The firm has a market capitalization of $43.37 billion, a PE ratio of -43.53 and a beta of 1.43. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $59.90 and its 200-day simple moving average is $49.36.

Roblox (NYSE:RBLX) last posted its quarterly earnings results 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 company had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. Roblox’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.45) EPS. Equities analysts expect that Roblox Co. will post -1.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RBLX. Needham & Company LLC boosted their price objective on shares of Roblox from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. HSBC began coverage on Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Roth Mkm boosted their target price on shares of Roblox from $54.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Canaccord Genuity Group raised their price target on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.14.

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.