Deutsche Bank AG Has $100.94 Million Holdings in Roblox Co. (NYSE:RBLX)

Deutsche Bank AG lessened its position in shares of Roblox Co. (NYSE:RBLX) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,744,514 shares of the company’s stock after selling 251,923 shares during the period. Deutsche Bank AG owned about 0.29% of Roblox worth $100,938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RBLX. Colonial Trust Co SC bought a new position in Roblox in the fourth quarter valued at $41,000. Parkside Financial Bank & Trust grew its holdings in shares of Roblox by 44.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company’s stock valued at $43,000 after acquiring an additional 230 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company’s stock valued at $55,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Roblox by 188.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company’s stock worth $56,000 after acquiring an additional 633 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Roblox in a research note on Friday, May 2nd. FBN Securities assumed coverage on shares of Roblox in a research note on Friday, March 28th. They set a “sector perform” rating and a $65.00 price objective on the stock. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price target on Roblox from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Barclays upped their price objective on Roblox from $46.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and an average target price of $67.91.

Insiders Place Their Bets

In other Roblox news, insider Arvind Chakravarthy sold 982 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $61.26, for a total value of $60,157.32. Following the sale, the insider now owns 204,261 shares of the company’s stock, valued at approximately $12,513,028.86. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Matthew D. Kaufman sold 12,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $71.83, for a total value of $861,960.00. Following the transaction, the insider now directly owns 352,244 shares of the company’s stock, valued at $25,301,686.52. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,164,386 shares of company stock worth $146,492,013 over the last ninety days. Corporate insiders own 22.15% of the company’s stock.

Roblox Trading Up 2.6%

Shares of RBLX stock opened at $71.89 on Monday. The stock has a market cap of $45.29 billion, a P/E ratio of -49.58 and a beta of 1.46. Roblox Co. has a 1 year low of $30.83 and a 1 year high of $75.74. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. The stock has a 50 day simple moving average of $60.65 and a 200 day simple moving average of $59.67.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.14 billion. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. The company’s revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.43) EPS. On average, research analysts predict that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

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.