Roblox Corporation $RBLX Shares Acquired by Ellevest Inc.

Ellevest Inc. lifted its holdings in shares of Roblox Corporation (NYSE:RBLX) by 126.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,019 shares of the company’s stock after buying an additional 4,477 shares during the period. Ellevest Inc.’s holdings in Roblox were worth $844,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new stake in Roblox in the first quarter valued at about $70,254,000. Fox Run Management L.L.C. lifted its position in Roblox by 56.5% in the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock valued at $709,000 after purchasing an additional 4,390 shares during the period. Moody Lynn & Lieberson LLC acquired a new stake in Roblox in the second quarter valued at about $2,779,000. Teacher Retirement System of Texas lifted its position in Roblox by 14.5% in the second quarter. Teacher Retirement System of Texas now owns 81,314 shares of the company’s stock valued at $8,554,000 after purchasing an additional 10,325 shares during the period. Finally, Long Corridor Asset Management Ltd acquired a new stake in Roblox in the first quarter valued at about $4,372,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Activity

In related news, insider Matthew D. Kaufman sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total transaction of $810,120.00. Following the sale, the insider owned 272,642 shares in the company, valued at approximately $36,812,122.84. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm’s stock in a transaction that occurred on 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 owned 242,469 shares in the company, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 183,119 shares of company stock worth $23,527,437 in the last three months. 12.92% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RBLX shares. Canaccord Genuity Group set a $160.00 price objective on shares of Roblox in a research report on Thursday, October 30th. Roth Capital restated a “neutral” rating and issued a $146.00 price objective on shares of Roblox in a research report on Friday, October 17th. Piper Sandler set a $130.00 target price on shares of Roblox in a report on Friday. Arete Research set a $116.00 target price on shares of Roblox in a report on Tuesday, September 9th. Finally, Jefferies Financial Group increased their target price on shares of Roblox from $126.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, October 14th. Twenty research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.41.

Roblox Price Performance

RBLX stock opened at $103.91 on Wednesday. Roblox Corporation has a 1 year low of $47.95 and a 1 year high of $150.59. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s 50 day moving average price is $129.63 and its 200 day moving average price is $110.35. The firm has a market cap of $68.05 billion, a P/E ratio of -72.67 and a beta of 1.61.

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