KBC Group NV Has $69.03 Million Position in Roblox Corporation $RBLX

KBC Group NV boosted its position in Roblox Corporation (NYSE:RBLX) by 450.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 656,217 shares of the company’s stock after purchasing an additional 536,999 shares during the quarter. KBC Group NV owned about 0.10% of Roblox worth $69,034,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in shares of Roblox in the second quarter valued at about $33,000. Larson Financial Group LLC increased its position in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after acquiring an additional 516 shares during the period. Whipplewood Advisors LLC acquired a new stake in Roblox in the 2nd quarter worth about $34,000. Generali Asset Management SPA SGR bought a new stake in Roblox in the 2nd quarter valued at about $40,000. Finally, Kiker Wealth Management LLC boosted its holdings in Roblox by 2,646.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after purchasing an additional 397 shares during the period. Institutional investors own 94.46% of the company’s stock.

Roblox Stock Performance

NYSE:RBLX opened at $104.29 on Thursday. Roblox Corporation has a twelve month low of $47.95 and a twelve month high of $150.59. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. The stock’s 50-day simple moving average is $126.91 and its 200 day simple moving average is $111.72. The firm has a market capitalization of $68.30 billion, a PE ratio of -72.93 and a beta of 1.61.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The business’s revenue for the quarter was up 70.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Transactions at Roblox

In other news, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the sale, the insider directly owned 242,469 shares of the company’s stock, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 2,401 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $104.60, for a total value of $251,144.60. Following the completion of the transaction, the insider directly owned 387,314 shares of the company’s stock, valued at $40,513,044.40. This represents a 0.62% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 257,520 shares of company stock worth $31,132,002. Insiders own 12.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on RBLX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $159.00 target price on shares of Roblox in a report on Friday, October 31st. Morgan Stanley set a $170.00 price objective on Roblox and gave the company an “overweight” rating in a report on Monday, October 13th. Oppenheimer reissued an “outperform” rating and set a $150.00 target price on shares of Roblox in a report on Friday, October 31st. Wall Street Zen raised Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Macquarie increased their price objective on shares of Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

Roblox 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.