Swedbank AB Buys 36,905 Shares of Roblox Corporation $RBLX

Swedbank AB lifted its stake in Roblox Corporation (NYSE:RBLX) by 14.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 297,087 shares of the company’s stock after buying an additional 36,905 shares during the quarter. Swedbank AB’s holdings in Roblox were worth $41,152,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RBLX. Total Investment Management Inc. bought a new stake in Roblox in the 2nd quarter valued at $29,000. Whipplewood Advisors LLC purchased a new position in shares of Roblox during the second quarter valued at about $34,000. ORG Partners LLC bought a new stake in shares of Roblox in the second quarter worth about $33,000. Generali Asset Management SPA SGR bought a new stake in shares of Roblox in the second quarter worth about $40,000. Finally, Kiker Wealth Management LLC lifted its position in shares of Roblox by 2,646.7% in the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after buying an additional 397 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Roblox in a report on Monday. UBS Group set a $99.00 target price on shares of Roblox in a report on Tuesday, December 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $159.00 price target on shares of Roblox in a research note on Friday, October 31st. Arete Research set a $116.00 price objective on shares of Roblox in a research report on Tuesday, September 9th. Finally, Barclays boosted their target price on shares of Roblox from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, October 31st. Eighteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.88.

Insider Buying and Selling

In other Roblox news, insider Arvind Chakravarthy sold 20,912 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total transaction of $1,991,449.76. Following the completion of the transaction, the insider owned 181,043 shares in the company, valued at $17,240,724.89. The trade was a 10.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $92.54, for a total value of $6,107,640.00. Following the transaction, the director directly owned 261,388 shares in the company, valued at approximately $24,188,845.52. This represents a 20.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 443,404 shares of company stock worth $45,687,339 over the last three months. 12.92% of the stock is currently owned by company insiders.

Roblox Stock Up 0.8%

NYSE RBLX opened at $81.63 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 52 week low of $50.10 and a 52 week high of $150.59. The firm has a market capitalization of $53.45 billion, a price-to-earnings ratio of -57.08 and a beta of 1.62. The company has a fifty day moving average of $101.77 and a two-hundred day moving average of $114.16.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm posted ($0.37) earnings per share. The business’s revenue for the quarter was up 70.3% on a year-over-year basis. On average, analysts predict that Roblox Corporation will post -1.49 earnings per share for the current year.

Roblox Company Profile

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.