WBI Investments LLC Buys New Position in Roblox Corporation $RBLX

WBI Investments LLC purchased a new position in Roblox Corporation (NYSE:RBLX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,494 shares of the company’s stock, valued at approximately $1,525,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock worth $1,101,097,000 after buying an additional 2,297,350 shares during the period. Geode Capital Management LLC raised its stake in shares of Roblox by 9.1% in the second quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock worth $1,053,257,000 after buying an additional 834,230 shares during the period. AQR Capital Management LLC lifted its position in shares of Roblox by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after buying an additional 6,007,322 shares in the last quarter. Finally, Amundi grew its stake in shares of Roblox by 55.5% during the 1st 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. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $159.00 target price on shares of Roblox in a research note on Friday, October 31st. Macquarie increased their target price on Roblox from $158.00 to $164.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Roblox in a report on Friday, October 31st. Raymond James Financial reissued an “outperform” rating and issued a $165.00 target price (up previously from $155.00) on shares of Roblox in a report on Tuesday, October 14th. Finally, Cowen restated a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Twenty investment analysts have rated the stock with a Buy rating, eight have given 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 an average price target of $136.41.

Insider Activity

In related news, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction on 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 sale, the director owned 266,008 shares in the company, valued at approximately $27,683,452.56. This represents a 19.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $136.55, for a total transaction of $819,300.00. Following the completion of the sale, the insider owned 278,642 shares of the company’s stock, valued at $38,048,565.10. This trade represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 324,416 shares of company stock worth $38,124,641. Company insiders own 12.92% of the company’s stock.

Roblox Trading Down 0.9%

RBLX stock opened at $101.35 on Tuesday. The firm has a fifty day moving average price of $125.28 and a 200 day moving average price of $112.76. Roblox Corporation has a fifty-two week low of $47.95 and a fifty-two week high of $150.59. The firm has a market cap of $66.37 billion, a PE ratio of -70.87 and a beta of 1.61. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS 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 business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned ($0.37) earnings per share. Roblox’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. Sell-side analysts anticipate 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.