Nomura Asset Management Co. Ltd. Purchases 20,580 Shares of Roblox Corporation $RBLX

Nomura Asset Management Co. Ltd. raised its position in Roblox Corporation (NYSE:RBLX) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,760 shares of the company’s stock after acquiring an additional 20,580 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Roblox were worth $17,122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its stake in Roblox by 217.4% during the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock worth $504,387,000 after buying an additional 6,007,322 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after acquiring an additional 4,400,624 shares during the period. Ieq Capital LLC boosted its position in shares of Roblox by 13.8% during the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after acquiring an additional 2,297,350 shares in the last quarter. Amundi increased its stake in Roblox by 55.5% in the first quarter. Amundi now owns 4,960,806 shares of the company’s stock valued at $288,818,000 after acquiring an additional 1,769,669 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Roblox by 47.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock worth $503,718,000 after purchasing an additional 1,531,380 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on RBLX. Arete upgraded Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price objective on the stock in a research note on Tuesday, September 9th. Bank of America boosted their price target on Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Canaccord Genuity Group set a $160.00 price objective on Roblox in a research note on Thursday, October 30th. Cowen reissued a “sell” rating on shares of Roblox in a report on Monday, August 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $159.00 target price on shares of Roblox in a report on Friday, October 31st. Twenty research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $136.41.

Insider Activity at Roblox

In other Roblox news, insider Mark Reinstra sold 2,401 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $104.60, for a total transaction of $251,144.60. Following the transaction, the insider owned 387,314 shares of the company’s stock, valued at approximately $40,513,044.40. This represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $122.74, for a total value of $8,100,840.00. Following the completion of the transaction, the director owned 275,248 shares in the company, valued at $33,783,939.52. The trade was a 19.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 297,297 shares of company stock worth $34,932,463. Company insiders own 12.92% of the company’s stock.

Roblox Stock Performance

Roblox stock opened at $97.37 on Thursday. The stock has a 50-day simple moving average of $123.97 and a 200 day simple moving average of $112.85. The stock has a market capitalization of $63.76 billion, a price-to-earnings ratio of -68.09 and a beta of 1.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 12-month low of $47.95 and a 12-month high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company posted ($0.37) EPS. The company’s quarterly revenue was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate 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.