KBC Group NV Has $4.30 Million Stock Position in Roblox Co. (NYSE:RBLX)

KBC Group NV lifted its stake in shares of Roblox Co. (NYSE:RBLX - Free Report) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,332 shares of the company's stock after acquiring an additional 9,699 shares during the quarter. KBC Group NV's holdings in Roblox were worth $4,300,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RBLX. ValueAct Holdings L.P. boosted its stake in shares of Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock worth $448,616,000 after acquiring an additional 7,835,921 shares in the last quarter. FMR LLC boosted its stake 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 acquiring an additional 4,115,286 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Roblox during the 3rd quarter worth $107,491,000. Two Sigma Advisers LP boosted its position in shares of Roblox by 32.9% in the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company's stock worth $259,576,000 after buying an additional 1,452,900 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Roblox by 195.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,852,131 shares of the company's stock worth $81,975,000 after buying an additional 1,226,072 shares during the period. 94.46% of the stock is owned by institutional investors.

Insider Transactions at Roblox

In other news, insider Manuel Bronstein sold 37,846 shares of Roblox stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.03, for a total value of $1,969,127.38. Following the transaction, the insider now directly owns 674,259 shares in the company, valued at approximately $35,081,695.77. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $65.89, for a total value of $1,581,360.00. Following the sale, the insider now directly owns 281,161 shares in the company, valued at approximately $18,525,698.29. This trade represents a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,207,812 shares of company stock worth $69,509,773. Company insiders own 22.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RBLX shares. Deutsche Bank Aktiengesellschaft raised their target price on Roblox from $45.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Canaccord Genuity Group raised their target price on Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Needham & Company LLC raised their target price on Roblox from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Raymond James reaffirmed a "strong-buy" rating and issued a $60.00 target price on shares of Roblox in a research report on Friday, November 22nd. Finally, Morgan Stanley raised their target price on Roblox from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $59.14.

Roblox Price Performance

NYSE RBLX opened at $71.39 on Friday. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $71.77. The stock's 50-day moving average is $59.90 and its two-hundred day moving average is $49.36. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, topping analysts' consensus estimates of ($0.39) by $0.02. The business had revenue of $919.00 million for 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 firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.45) earnings per share. Equities research analysts anticipate that Roblox Co. will post -1.56 EPS for the current year.

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.