Skandinaviska Enskilda Banken AB publ Has $17.21 Million Stock Holdings in Roblox Corporation $RBLX

Skandinaviska Enskilda Banken AB publ lifted its position in shares of Roblox Corporation (NYSE:RBLX) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,216 shares of the company’s stock after purchasing an additional 10,324 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Roblox were worth $17,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of RBLX. NewEdge Advisors LLC increased its stake in Roblox by 2.3% in the first quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock valued at $597,000 after acquiring an additional 231 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Roblox by 70.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock worth $1,368,000 after buying an additional 5,363 shares during the period. Yousif Capital Management LLC boosted its stake in Roblox by 1.9% in the 2nd quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock valued at $729,000 after buying an additional 127 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Roblox during the second quarter worth $359,000. Finally, Harbour Investments Inc. raised its stake in Roblox by 60.5% during the second quarter. Harbour Investments Inc. now owns 549 shares of the company’s stock worth $58,000 after acquiring an additional 207 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roblox news, insider Matthew D. Kaufman sold 30,034 shares of Roblox stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $72.65, for a total transaction of $2,181,970.10. Following the transaction, the insider directly owned 307,263 shares in the company, valued at approximately $22,322,656.95. The trade was a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Baszucki sold 272,269 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $72.66, for a total value of $19,783,065.54. Following the completion of the transaction, the chief executive officer directly owned 811,373 shares of the company’s stock, valued at approximately $58,954,362.18. The trade was a 25.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 789,521 shares of company stock valued at $61,989,659. 12.92% of the stock is owned by company insiders.

Roblox Trading Down 0.4%

NYSE:RBLX opened at $62.94 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.65. Roblox Corporation has a 1-year low of $50.10 and a 1-year high of $150.59. The firm has a market capitalization of $41.64 billion, a price-to-earnings ratio of -40.61 and a beta of 1.63. The business’s 50-day moving average price is $77.16 and its two-hundred day moving average price is $104.93.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.Roblox’s revenue was up 122.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.33) EPS. On average, equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RBLX. Needham & Company LLC reduced their target price on shares of Roblox from $159.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Oppenheimer dropped their price objective on shares of Roblox from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, February 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Roblox in a report on Friday, February 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a research note on Monday, December 29th. Finally, Barclays cut their price target on Roblox from $130.00 to $115.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus target price of $119.44.

About Roblox

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.