Global Trust Asset Management LLC Buys 1,000 Shares of Roblox Corporation $RBLX

Global Trust Asset Management LLC increased its stake in Roblox Corporation (NYSE:RBLX) by 33,333.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,003 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Global Trust Asset Management LLC’s holdings in Roblox were worth $106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Roblox during the 1st quarter valued at $70,254,000. Fox Run Management L.L.C. raised its position in shares of Roblox by 56.5% during the 1st quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock valued at $709,000 after acquiring an additional 4,390 shares during the last quarter. Moody Lynn & Lieberson LLC bought a new stake in shares of Roblox during the 2nd quarter valued at $2,779,000. Long Corridor Asset Management Ltd bought a new stake in shares of Roblox during the 1st quarter valued at $4,372,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Roblox by 15.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company’s stock valued at $2,096,000 after acquiring an additional 4,760 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Analysts Set New Price Targets

RBLX has been the subject of several recent research reports. BTIG Research upped their target price on shares of Roblox from $159.00 to $173.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Benchmark upped their target price on shares of Roblox from $77.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their target price on shares of Roblox from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Canaccord Genuity Group boosted their price target on shares of Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a report on Friday. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.24.

Roblox Price Performance

Shares of RBLX stock opened at $141.61 on Tuesday. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The firm has a market capitalization of $91.34 billion, a price-to-earnings ratio of -99.03 and a beta of 1.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The firm has a fifty day moving average of $127.81 and a 200-day moving average of $97.32.

Roblox (NYSE:RBLX) last announced its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.Roblox’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Activity at Roblox

In related news, Director Anthony P. Lee sold 111,112 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 242,469 shares of the company’s stock, valued at approximately $28,541,025.99. The trade was a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 306,876 shares of company stock valued at $39,004,569 in the last quarter. 12.92% of the stock is currently owned by company insiders.

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.