US Bancorp DE Has $2.87 Million Stock Holdings in Roblox Co. (NYSE:RBLX)

US Bancorp DE lessened its stake in shares of Roblox Co. (NYSE:RBLX) by 5.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 64,808 shares of the company’s stock after selling 3,803 shares during the quarter. US Bancorp DE’s holdings in Roblox were worth $2,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RBLX. Allspring Global Investments Holdings LLC raised its stake in Roblox by 98.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102 shares of the company’s stock worth $42,000 after purchasing an additional 548 shares in the last quarter. Norden Group LLC acquired a new stake in Roblox in the 1st quarter worth about $230,000. Private Advisor Group LLC raised its stake in Roblox by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 60,111 shares of the company’s stock worth $2,295,000 after purchasing an additional 2,506 shares in the last quarter. Nordea Investment Management AB raised its stake in Roblox by 4.8% in the 1st quarter. Nordea Investment Management AB now owns 28,492 shares of the company’s stock worth $1,104,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Roblox by 1.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 49,070 shares of the company’s stock valued at $1,873,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Roblox Trading Up 2.4 %

RBLX opened at $51.19 on Wednesday. The firm has a market capitalization of $31.10 billion, a price-to-earnings ratio of -31.21 and a beta of 1.56. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $53.07. 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 company’s 50 day moving average price is $43.79 and its two-hundred day moving average price is $39.48.

Roblox (NYSE:RBLX) last issued 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 firm had revenue of $919.00 million for the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.45) EPS. As a group, research analysts predict that Roblox Co. will post -1.59 earnings per share for the current year.

Insider Transactions at Roblox

In other news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares in the company, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $38.82, for a total value of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares in the company, valued at approximately $14,543,253.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Reinstra sold 17,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $40.47, for a total transaction of $687,990.00. Following the transaction, the insider now owns 342,656 shares in the company, valued at $13,867,288.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 989,341 shares of company stock worth $44,391,412. Company insiders own 22.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 target price (up from $56.00) on shares of Roblox in a report on Friday, November 1st. Canaccord Genuity Group raised their target price on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays raised their target price on shares of Roblox from $40.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Citigroup raised their target price on shares of Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Needham & Company LLC raised their target price 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 investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.30.

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.