AEGON ASSET MANAGEMENT UK Plc Acquires 84,198 Shares of Roblox Co. (NYSE:RBLX)

AEGON ASSET MANAGEMENT UK Plc increased its holdings in Roblox Co. (NYSE:RBLX) by 23.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 447,067 shares of the company’s stock after purchasing an additional 84,198 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.07% of Roblox worth $19,783,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Roblox by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 51,082,302 shares of the company’s stock valued at $1,950,322,000 after acquiring an additional 4,818,022 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Roblox by 1.9% in the second quarter. Baillie Gifford & Co. now owns 29,142,565 shares of the company’s stock valued at $1,084,395,000 after purchasing an additional 535,414 shares during the period. ARK Investment Management LLC lifted its stake in shares of Roblox by 12.9% in the second quarter. ARK Investment Management LLC now owns 13,338,829 shares of the company’s stock worth $496,338,000 after buying an additional 1,519,591 shares during the last quarter. Ieq Capital LLC grew its stake in Roblox by 27.6% in the 1st quarter. Ieq Capital LLC now owns 12,409,924 shares of the company’s stock valued at $473,811,000 after buying an additional 2,684,713 shares during the last quarter. Finally, Dragoneer Investment Group LLC raised its holdings in Roblox by 26.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after acquiring an additional 2,488,044 shares during the period. 91.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on RBLX. BTIG Research upped their price target on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 target price (up previously from $56.00) on shares of Roblox in a report on Friday, November 1st. Citigroup increased their price objective on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 4th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.30.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 4,933 shares of the company’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 completion of the sale, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO David Baszucki sold 6,499 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $262,234.65. Following the completion of the sale, the chief executive officer now owns 135,761 shares in the company, valued at $5,477,956.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amy Marie Rawlings sold 4,933 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $40.35, for a total value of $199,046.55. Following the completion of the transaction, the chief accounting officer now directly owns 99,617 shares of the company’s stock, valued at approximately $4,019,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,029,373 shares of company stock worth $46,476,179 over the last ninety days. Company insiders own 22.15% of the company’s stock.

Roblox Trading Down 1.3 %

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

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

Roblox Company 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.