Roblox Co. (NYSE:RBLX) Stock Holdings Increased by Axa S.A.

Axa S.A. grew its position in shares of Roblox Co. (NYSE:RBLX) by 4.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 49,374 shares of the company’s stock after buying an additional 1,997 shares during the quarter. Axa S.A.’s holdings in Roblox were worth $1,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in RBLX. Swedbank AB raised its position in shares of Roblox by 0.5% during the 2nd quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after acquiring an additional 285 shares in the last quarter. Thrive Wealth Management LLC raised its holdings in shares of Roblox by 4.3% during the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock worth $274,000 after purchasing an additional 300 shares during the period. Mystic Asset Management Inc. lifted its position in shares of Roblox by 4.0% in the 1st quarter. Mystic Asset Management Inc. now owns 8,550 shares of the company’s stock worth $326,000 after buying an additional 325 shares during the last quarter. Center for Financial Planning Inc. grew its position in shares of Roblox by 2.3% during the 2nd quarter. Center for Financial Planning Inc. now owns 17,722 shares of the company’s stock valued at $659,000 after buying an additional 400 shares during the last quarter. Finally, AlTi Global Inc. grew its position in shares of Roblox by 8.1% during the 2nd quarter. AlTi Global Inc. now owns 5,917 shares of the company’s stock valued at $220,000 after buying an additional 445 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Insider Activity

In other news, Director Gregory Baszucki sold 13,000 shares of Roblox stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $47.75, for a total transaction of $620,750.00. Following the transaction, the director now owns 9,662,103 shares in the company, valued at $461,365,418.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Michael Guthrie sold 30,000 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $37.82, for a total transaction of $1,134,600.00. Following the transaction, the chief financial officer now directly owns 374,633 shares in the company, valued at approximately $14,168,620.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gregory Baszucki sold 13,000 shares of Roblox 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 sale, the director now directly owns 9,662,103 shares of the company’s stock, valued at approximately $461,365,418.25. The disclosure for this sale can be found here. Insiders sold 792,341 shares of company stock worth $33,923,126 over the last quarter. Corporate insiders own 22.15% of the company’s stock.

Roblox Trading Up 0.2 %

Shares of RBLX opened at $44.26 on Tuesday. The business’s 50-day moving average price is $42.43 and its 200 day moving average price is $38.56. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 9.04. The stock has a market capitalization of $26.17 billion, a P/E ratio of -23.80 and a beta of 1.60. Roblox Co. has a 1-year low of $27.90 and a 1-year high of $48.43.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.07. Roblox had a negative net margin of 34.12% and a negative return on equity of 1,187.59%. The business had revenue of $893.50 million for the quarter, compared to analyst estimates of $897.88 million. During the same quarter in the previous year, the business earned ($0.46) earnings per share. The firm’s revenue was up 31.2% compared to the same quarter last year. Analysts expect that Roblox Co. will post -1.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of research reports. BTIG Research lifted their target price on Roblox from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Benchmark increased their target price on Roblox from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC boosted their price target on shares of Roblox from $40.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $56.00 price objective on shares of Roblox in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group lifted their price objective on shares of Roblox from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.81.

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.