B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 8,922 Roblox Co. (NYSE:RBLX)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Roblox Co. (NYSE:RBLX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,922 shares of the company’s stock, valued at approximately $395,000.

Several other large investors have also modified their holdings of RBLX. DekaBank Deutsche Girozentrale lifted its position in Roblox by 2.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 60,520 shares of the company’s stock worth $2,318,000 after acquiring an additional 1,419 shares during the last quarter. Entropy Technologies LP increased its stake in shares of Roblox by 168.4% in the third quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock worth $4,410,000 after purchasing an additional 62,521 shares during the period. Dragoneer Investment Group LLC increased its stake in shares of Roblox by 26.9% in the second quarter. Dragoneer Investment Group LLC now owns 11,745,203 shares of the company’s stock worth $437,039,000 after purchasing an additional 2,488,044 shares during the period. Itau Unibanco Holding S.A. lifted its position in shares of Roblox by 62.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 37,482 shares of the company’s stock worth $1,395,000 after purchasing an additional 14,348 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its stake in Roblox by 23.2% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 447,067 shares of the company’s stock valued at $19,783,000 after purchasing an additional 84,198 shares during the period. 91.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup upped their price target on Roblox from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Roblox from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays boosted their price objective on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Benchmark increased their target price on shares of Roblox from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity Group lifted 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. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Roblox has a consensus rating of “Moderate Buy” and an average price target of $55.30.

Insider Buying and Selling at Roblox

In other Roblox news, CAO Amy Marie Rawlings sold 12,258 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $44.09, for a total value of $540,455.22. Following the completion of the sale, the chief accounting officer now owns 87,360 shares in the company, valued at approximately $3,851,702.40. This trade represents a 12.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 592 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total transaction of $25,645.44. Following the transaction, the insider now owns 276,892 shares in the company, valued at $11,994,961.44. The trade was a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,011,095 shares of company stock worth $48,171,645. 22.15% of the stock is currently owned by insiders.

Roblox Trading Up 0.1 %

Shares of Roblox stock opened at $49.38 on Monday. The stock has a market capitalization of $30.00 billion, a P/E ratio of -30.11 and a beta of 1.56. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $55.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 5.64. The company has a 50-day simple moving average of $46.00 and a 200 day simple moving average of $40.96.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to analyst estimates of $1.02 billion. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.45) earnings per share. Research analysts expect that Roblox Co. will post -1.56 earnings per share for the current fiscal 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.