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

AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Roblox Co. (NYSE:RBLX - Free Report) by 23.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 447,067 shares of the company's stock after acquiring an additional 84,198 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.07% of Roblox worth $19,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Roblox during the third quarter worth about $27,000. PARK CIRCLE Co bought a new position in Roblox in the 2nd quarter valued at approximately $30,000. Strategic Financial Concepts LLC acquired a new stake in Roblox in the second quarter valued at approximately $33,000. Gilliland Jeter Wealth Management LLC grew its stake in shares of Roblox by 102.4% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 1,000 shares of the company's stock worth $37,000 after buying an additional 506 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Roblox during the first quarter worth $39,000. 91.08% of the stock is owned by institutional investors.

Insider Activity at Roblox

In related news, CFO Michael Guthrie sold 30,000 shares of Roblox stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $38.82, for a total transaction of $1,164,600.00. Following the transaction, the chief financial officer now owns 374,633 shares of the company's stock, valued at $14,543,253.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 374,633 shares in the company, valued at $14,543,253.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amy Marie Rawlings sold 4,933 shares of the business's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $40.35, for a total transaction of $199,046.55. Following the transaction, the chief accounting officer now owns 99,617 shares in the company, valued at approximately $4,019,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,029,373 shares of company stock valued at $46,476,179. 22.15% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RBLX. JPMorgan Chase & Co. boosted their price objective on Roblox from $51.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Barclays boosted their price target on Roblox from $40.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Macquarie raised their price objective on shares of Roblox from $50.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, November 1st. BTIG Research boosted their target price on shares of Roblox from $51.00 to $56.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Wolfe Research began coverage on shares of Roblox in a research note on Tuesday, July 16th. They set a "peer perform" rating for the company. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.30.

Roblox Stock Down 1.3 %

NYSE:RBLX traded down $0.71 on Friday, hitting $52.40. The stock had a trading volume of 8,165,613 shares, compared to its average volume of 7,488,194. The company has a market cap of $31.84 billion, a PE ratio of -31.95 and a beta of 1.56. Roblox Co. has a 52 week low of $29.55 and a 52 week high of $54.07. The business's fifty day moving average is $44.47 and its 200 day moving average is $39.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating analysts' consensus estimates of ($0.39) by $0.02. The business 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 quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.45) EPS. On average, equities research 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.