ING Groep NV Sells 20,000 Shares of Roblox Co. (NYSE:RBLX)

ING Groep NV lessened its stake in shares of Roblox Co. (NYSE:RBLX) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,000 shares of the company’s stock after selling 20,000 shares during the quarter. ING Groep NV’s holdings in Roblox were worth $8,737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares in the last quarter. Ieq Capital LLC lifted its position in Roblox by 26.8% in the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock valued at $960,049,000 after acquiring an additional 3,507,901 shares in the last quarter. State Street Corp lifted its position in Roblox by 2.3% in the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock valued at $480,482,000 after acquiring an additional 240,565 shares in the last quarter. ValueAct Holdings L.P. lifted its position in Roblox by 340.7% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock valued at $448,616,000 after acquiring an additional 7,835,921 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Roblox by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock valued at $368,003,000 after acquiring an additional 408,915 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Activity

In other news, insider Mark Reinstra sold 19,525 shares of Roblox stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $65.94, for a total transaction of $1,287,478.50. Following the completion of the sale, the insider now directly owns 339,206 shares of the company’s stock, valued at approximately $22,367,243.64. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 6,448 shares of Roblox stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $61.33, for a total transaction of $395,455.84. Following the sale, the chief executive officer now directly owns 122,853 shares of the company’s stock, valued at $7,534,574.49. This represents a 4.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,062,052 shares of company stock worth $65,611,500 in the last three months. Corporate insiders own 22.15% of the company’s stock.

Roblox Stock Down 0.5 %

RBLX opened at $62.52 on Friday. The company has a fifty day moving average price of $64.04 and a 200-day moving average price of $52.35. The firm has a market capitalization of $38.70 billion, a P/E ratio of -43.11 and a beta of 1.46. The company has a debt-to-equity ratio of 4.82, a current ratio of 1.02 and a quick ratio of 0.98. Roblox Co. has a one year low of $29.55 and a one year high of $75.74.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Equities research analysts expect that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

RBLX has been the topic of several recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $83.00 price target on shares of Roblox in a research report on Friday, February 7th. HSBC started coverage on shares of Roblox in a research report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target on the stock. Morgan Stanley lifted their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. BMO Capital Markets reissued an “outperform” rating and set a $62.00 target price (up previously from $56.00) on shares of Roblox in a research report on Friday, November 1st. Finally, BTIG Research lifted their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.19.

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.