Westpac Banking Corp Sells 16,817 Shares of Roblox Corporation $RBLX

Westpac Banking Corp decreased its stake in Roblox Corporation (NYSE:RBLX) by 45.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 19,928 shares of the company’s stock after selling 16,817 shares during the period. Westpac Banking Corp’s holdings in Roblox were worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its position in Roblox by 40.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 32,462 shares of the company’s stock valued at $3,415,000 after acquiring an additional 9,344 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in Roblox during the 2nd quarter worth about $285,000. Citizens Financial Group Inc. RI acquired a new position in Roblox during the second quarter worth $8,993,000. Intech Investment Management LLC acquired a new position in Roblox during the second quarter worth $809,000. Finally, Cetera Investment Advisers grew its position in shares of Roblox by 4.8% in the second quarter. Cetera Investment Advisers now owns 35,811 shares of the company’s stock valued at $3,767,000 after purchasing an additional 1,628 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Wedbush restated an “outperform” rating and set a $165.00 price objective on shares of Roblox in a research report on Thursday, September 4th. JPMorgan Chase & Co. cut their price objective on Roblox from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Macquarie raised their price target on Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, The Goldman Sachs Group raised shares of Roblox from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $155.00 to $180.00 in a report on Friday, October 31st. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.41.

Insiders Place Their Bets

In related news, CEO David Baszucki sold 66,896 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $104.53, for a total value of $6,992,638.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Arvind Chakravarthy sold 20,552 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the transaction, the insider owned 242,469 shares in the company, valued at $28,541,025.99. This represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 324,416 shares of company stock worth $38,124,641. Corporate insiders own 12.92% of the company’s stock.

Roblox Trading Up 0.2%

RBLX traded up $0.25 during trading hours on Monday, reaching $102.53. The company’s stock had a trading volume of 202,925 shares, compared to its average volume of 8,476,983. The business’s 50-day moving average is $125.83 and its 200-day moving average is $112.54. 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 Corporation has a fifty-two week low of $47.95 and a fifty-two week high of $150.59. The stock has a market cap of $67.14 billion, a PE ratio of -72.26 and a beta of 1.61.

Roblox (NYSE:RBLX) last announced its earnings results 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 net margin of 21.70% and a negative return on equity of 314.20%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted ($0.37) earnings per share. The company’s revenue for the quarter 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. As a group, equities research analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

About Roblox

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.