APG Asset Management N.V. Boosts Stock Holdings in Roblox Co. (NYSE:RBLX)

APG Asset Management N.V. grew its holdings in Roblox Co. (NYSE:RBLX) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 988,490 shares of the company’s stock after purchasing an additional 30,585 shares during the period. APG Asset Management N.V.’s holdings in Roblox were worth $34,319,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RBLX. AQR Capital Management LLC lifted its position in shares of Roblox by 31.8% during the second quarter. AQR Capital Management LLC now owns 217,588 shares of the company’s stock worth $8,083,000 after acquiring an additional 52,534 shares in the last quarter. AXA S.A. lifted its holdings in Roblox by 4.2% during the 2nd quarter. AXA S.A. now owns 49,374 shares of the company’s stock worth $1,837,000 after purchasing an additional 1,997 shares in the last quarter. AlTi Global Inc. boosted its stake in Roblox by 8.1% in the 2nd quarter. AlTi Global Inc. now owns 5,917 shares of the company’s stock worth $220,000 after purchasing an additional 445 shares during the period. Toronto Dominion Bank grew its holdings in Roblox by 9.0% during the 2nd quarter. Toronto Dominion Bank now owns 44,759 shares of the company’s stock valued at $1,665,000 after buying an additional 3,696 shares in the last quarter. Finally, Point72 Italy S.r.l. bought a new stake in shares of Roblox during the second quarter valued at about $5,100,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Price Performance

RBLX stock opened at $44.18 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. Roblox Co. has a 12 month low of $27.11 and a 12 month high of $48.43. The stock has a market cap of $26.44 billion, a PE ratio of -23.75 and a beta of 1.60. The company has a 50-day moving average price of $42.36 and a 200 day moving average price of $38.57.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.07. Roblox had a negative return on equity of 1,187.59% and a negative net margin of 34.12%. The firm had revenue of $893.50 million for the quarter, compared to the consensus estimate of $897.88 million. During the same period in the prior year, the business posted ($0.46) earnings per share. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. Equities research analysts anticipate that Roblox Co. will post -1.59 earnings per share for the current year.

Insider Transactions at Roblox

In other news, Director Gregory Baszucki sold 13,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total value of $620,750.00. Following the transaction, the director now directly owns 9,662,103 shares in the company, valued at $461,365,418.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Roblox news, insider Arvind Chakravarthy sold 592 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total value of $25,645.44. Following the completion of the sale, the insider now directly owns 276,892 shares in the company, valued at approximately $11,994,961.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory Baszucki sold 13,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $47.75, for a total value of $620,750.00. Following the transaction, the director now owns 9,662,103 shares in the company, valued at approximately $461,365,418.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 792,341 shares of company stock worth $33,923,126. 22.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on RBLX. Wedbush reaffirmed an “outperform” rating and set a $46.00 price objective on shares of Roblox in a research note on Monday, July 29th. Macquarie upped their price target on shares of Roblox from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wolfe Research started coverage on Roblox in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Jefferies Financial Group assumed coverage on shares of Roblox in a research report on Thursday, July 11th. They set a “hold” rating and a $42.00 price objective on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 target price on shares of Roblox in a research report on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.81.

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.