ING Groep NV Decreases Stock Position in Roblox Corporation $RBLX

ING Groep NV cut its stake in Roblox Corporation (NYSE:RBLXFree Report) by 18.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 232,200 shares of the company’s stock after selling 52,000 shares during the quarter. ING Groep NV’s holdings in Roblox were worth $32,164,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RBLX. Rhumbline Advisers raised its stake in shares of Roblox by 5.5% in the third quarter. Rhumbline Advisers now owns 913,369 shares of the company’s stock valued at $126,520,000 after acquiring an additional 47,844 shares during the period. Advisors Asset Management Inc. grew its holdings in Roblox by 51.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,690 shares of the company’s stock valued at $1,481,000 after purchasing an additional 3,611 shares during the last quarter. Krilogy Financial LLC raised its position in Roblox by 55.9% in the 3rd quarter. Krilogy Financial LLC now owns 47,338 shares of the company’s stock worth $6,557,000 after purchasing an additional 16,982 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Roblox by 37.5% in the third quarter. Stratos Wealth Partners LTD. now owns 2,663 shares of the company’s stock worth $369,000 after purchasing an additional 726 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in Roblox by 11.4% in the third quarter. Wealthfront Advisers LLC now owns 42,925 shares of the company’s stock worth $5,946,000 after purchasing an additional 4,392 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 66,896 shares of Roblox stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $76.48, for a total value of $5,116,206.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark Reinstra sold 16,782 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.24, for a total value of $1,598,317.68. Following the completion of the transaction, the insider directly owned 370,532 shares of the company’s stock, valued at approximately $35,289,467.68. The trade was a 4.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 357,003 shares of company stock worth $30,891,212. 12.92% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Macquarie Infrastructure increased their price target on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Wall Street Zen upgraded Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Wells Fargo & Company set a $97.00 target price on Roblox in a research report on Monday. Piper Sandler restated an “overweight” rating and issued a $100.00 price target (down from $125.00) on shares of Roblox in a report on Friday. Finally, Wolfe Research set a $100.00 price target on shares of Roblox in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.44.

Get Our Latest Research Report on Roblox

Roblox Stock Down 2.2%

Shares of Roblox stock opened at $71.86 on Wednesday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $47.06 billion, a price-to-earnings ratio of -46.36 and a beta of 1.63. The firm’s 50-day moving average is $80.34 and its two-hundred day moving average is $107.08. Roblox Corporation has a 1 year low of $50.10 and a 1 year high of $150.59.

Roblox (NYSE:RBLXGet Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.04. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 311.88%. The company’s quarterly revenue was up 122.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.33) EPS. As a group, research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Key Headlines Impacting Roblox

Here are the key news stories impacting Roblox this week:

About Roblox

(Free Report)

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.

See Also

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Institutional Ownership by Quarter for Roblox (NYSE:RBLX)

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