SBI Securities Co. Ltd. lifted its position in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 42.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,922 shares of the company’s stock after acquiring an additional 5,627 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Roblox were worth $1,991,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of RBLX. National Pension Service raised its stake in shares of Roblox by 119.2% during the 2nd quarter. National Pension Service now owns 1,582,724 shares of the company’s stock worth $166,503,000 after buying an additional 860,693 shares during the period. Vise Technologies Inc. acquired a new stake in Roblox in the 2nd quarter valued at $2,276,000. Allworth Financial LP increased its holdings in Roblox by 95.7% in the 2nd quarter. Allworth Financial LP now owns 3,090 shares of the company’s stock worth $325,000 after acquiring an additional 1,511 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Roblox by 99.6% during the second quarter. Illinois Municipal Retirement Fund now owns 27,452 shares of the company’s stock worth $2,888,000 after acquiring an additional 13,696 shares during the period. Finally, Midwest Trust Co purchased a new position in Roblox during the second quarter valued at $343,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.
Insider Activity at Roblox
In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $101.48, for a total value of $608,880.00. Following the transaction, the insider owned 260,642 shares of the company’s stock, valued at $26,449,950.16. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $104.07, for a total transaction of $6,868,620.00. Following the transaction, the director directly owned 266,008 shares of the company’s stock, valued at approximately $27,683,452.56. This trade represents a 19.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 257,520 shares of company stock valued at $31,132,002 in the last quarter. Corporate insiders own 12.92% of the company’s stock.
Roblox Stock Performance
Roblox (NYSE:RBLX – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The firm’s quarterly revenue was up 70.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have recently commented on RBLX shares. Wedbush reissued an “outperform” rating and set a $165.00 target price on shares of Roblox in a research note on Thursday, September 4th. JPMorgan Chase & Co. lowered their price objective on Roblox from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Jefferies Financial Group increased their target price on Roblox from $126.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, October 14th. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Roblox in a research note on Friday, October 31st. Finally, Wolfe Research upgraded Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Friday, August 22nd. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.41.
Check Out Our Latest Report on Roblox
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.
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