Police & Firemen s Retirement System of New Jersey Has $9.01 Million Stock Holdings in Roblox Corporation $RBLX

Police & Firemen s Retirement System of New Jersey raised its holdings in Roblox Corporation (NYSE:RBLX) by 11.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 85,632 shares of the company’s stock after purchasing an additional 9,131 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Roblox were worth $9,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Roblox by 9.1% in the 2nd quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock valued at $1,053,257,000 after purchasing an additional 834,230 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Roblox by 58.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,903 shares of the company’s stock worth $1,147,000 after acquiring an additional 4,004 shares in the last quarter. Forsta AP Fonden boosted its holdings in shares of Roblox by 12.5% in the 2nd quarter. Forsta AP Fonden now owns 108,900 shares of the company’s stock worth $11,456,000 after acquiring an additional 12,100 shares in the last quarter. KBC Group NV grew its holdings in shares of Roblox by 450.4% during the second quarter. KBC Group NV now owns 656,217 shares of the company’s stock worth $69,034,000 after purchasing an additional 536,999 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Roblox in the second quarter valued at about $7,391,000. 94.46% of the stock is owned by institutional investors.

Roblox Stock Performance

RBLX opened at $101.24 on Friday. The company has a market capitalization of $66.30 billion, a price-to-earnings ratio of -70.80 and a beta of 1.61. The business’s 50-day moving average price is $126.34 and its two-hundred day moving average price is $111.65. 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 current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned ($0.37) earnings per share. Roblox’s quarterly 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. Equities analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mark Reinstra sold 2,401 shares of the firm’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 transaction of $251,144.60. Following the transaction, the insider directly owned 387,314 shares of the company’s stock, valued at approximately $40,513,044.40. This trade represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $104.07, for a total value of $6,868,620.00. Following the completion of 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. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 324,416 shares of company stock worth $38,124,641. Company insiders own 12.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RBLX shares. Barclays lifted their target price on Roblox from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. UBS Group set a $120.00 price target on shares of Roblox in a research note on Friday, October 31st. Macquarie raised their price objective on shares of Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Canaccord Genuity Group set a $160.00 target price on Roblox in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group upgraded shares of Roblox from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $155.00 to $180.00 in a report on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.41.

Roblox Company 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.