KBC Group NV Acquires 11,201 Shares of Roblox Co. (NYSE:RBLX)

KBC Group NV boosted its holdings in Roblox Co. (NYSE:RBLX) by 21.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,633 shares of the company’s stock after purchasing an additional 11,201 shares during the period. KBC Group NV’s holdings in Roblox were worth $2,860,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of Roblox during the 3rd quarter worth approximately $27,000. PARK CIRCLE Co bought a new position in Roblox during the second quarter valued at $30,000. Strategic Financial Concepts LLC purchased a new stake in Roblox in the second quarter worth $33,000. Gilliland Jeter Wealth Management LLC raised its stake in shares of Roblox by 102.4% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $37,000 after buying an additional 506 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Roblox by 132.8% during the 3rd quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock valued at $41,000 after buying an additional 530 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Roblox Stock Performance

NYSE RBLX opened at $51.04 on Tuesday. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10. The company has a fifty day moving average of $45.58 and a 200-day moving average of $40.65. The company has a market capitalization of $31.01 billion, a P/E ratio of -31.12 and a beta of 1.56. 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 (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 the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.45) earnings per share. As a group, equities research analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, Director Anthony P. Lee sold 27,532 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $43.52, for a total value of $1,198,192.64. Following the completion of the sale, the director now directly owns 165,190 shares of the company’s stock, valued at $7,189,068.80. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Baszucki sold 166,666 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $43.55, for a total value of $7,258,304.30. Following the transaction, the chief executive officer now directly owns 135,761 shares in the company, valued at $5,912,391.55. This trade represents a 55.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 962,152 shares of company stock valued at $44,111,621 over the last quarter. 22.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RBLX. Roth Mkm boosted their price objective on Roblox from $35.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. The Goldman Sachs Group boosted their price target on shares of Roblox from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Roblox from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Citigroup boosted 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, November 5th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $49.00 price target on shares of Roblox in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $55.30.

Roblox 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.