APG Asset Management N.V. Has $3.38 Million Position in Roblox Co. (NYSE:RBLX)

APG Asset Management N.V. trimmed its stake in Roblox Co. (NYSE:RBLX - Free Report) by 25.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,423 shares of the company's stock after selling 20,359 shares during the quarter. APG Asset Management N.V.'s holdings in Roblox were worth $3,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC increased its stake in Roblox by 3.9% in the 3rd quarter. Janus Henderson Group PLC now owns 48,908 shares of the company's stock worth $2,164,000 after purchasing an additional 1,827 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Roblox by 10,307.2% in the third quarter. Wellington Management Group LLP now owns 598,102 shares of the company's stock worth $26,472,000 after acquiring an additional 592,355 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Roblox by 136.9% during the third quarter. Orion Portfolio Solutions LLC now owns 13,674 shares of the company's stock valued at $605,000 after acquiring an additional 7,903 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Roblox by 7.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 130,750 shares of the company's stock valued at $5,787,000 after acquiring an additional 8,970 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Roblox by 7.0% in the 3rd quarter. M&T Bank Corp now owns 20,105 shares of the company's stock worth $889,000 after purchasing an additional 1,324 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

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Roblox Stock Performance

Shares of RBLX stock traded up $1.90 during trading hours on Tuesday, reaching $58.81. 6,078,335 shares of the company's stock were exchanged, compared to its average volume of 7,866,151. The business has a fifty day moving average price of $59.83 and a 200-day moving average price of $56.43. The stock has a market capitalization of $36.96 billion, a P/E ratio of -40.56 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Analysts predict that Roblox Co. will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on RBLX shares. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price for the company. in a report on Friday, February 7th. Macquarie upped their target price on Roblox from $71.00 to $76.00 and gave the company an "outperform" rating in a report on Friday, February 7th. CICC Research assumed coverage on shares of Roblox in a research report on Tuesday, January 14th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Finally, OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.22.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 229,167 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the completion of the transaction, the chief executive officer now directly owns 221,983 shares in the company, valued at approximately $11,649,667.84. This represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $57.99, for a total transaction of $347,940.00. Following the sale, the insider now owns 364,244 shares in the company, valued at $21,122,509.56. This represents a 1.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,232,833 shares of company stock valued at $76,827,466 in the last quarter. Corporate insiders own 22.15% of the company's stock.

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.