Merit Financial Group LLC Grows Stock Holdings in Roblox Corporation $RBLX

Merit Financial Group LLC raised its holdings in shares of Roblox Corporation (NYSE:RBLX) by 11.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,551 shares of the company’s stock after acquiring an additional 5,269 shares during the quarter. Merit Financial Group LLC’s holdings in Roblox were worth $5,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Roblox by 8.3% in 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 grew its holdings in 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 buying an additional 2,297,350 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Roblox by 217.4% during the first 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 during the period. Amundi lifted its holdings in shares of Roblox by 55.5% in the first quarter. Amundi now owns 4,960,806 shares of the company’s stock worth $288,818,000 after buying an additional 1,769,669 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Roblox by 210.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company’s stock valued at $189,840,000 after acquiring an additional 2,207,897 shares during the period. 94.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Roblox

In other news, insider Arvind Chakravarthy sold 20,552 shares of the company’s stock in a transaction on 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 sale, the insider owned 242,469 shares of the company’s stock, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction on Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The disclosure for this sale can be found here. Insiders have sold 372,876 shares of company stock valued at $48,196,989 over the last ninety days. Insiders own 12.92% of the company’s stock.

Analyst Upgrades and Downgrades

RBLX has been the topic of a number of analyst reports. Needham & Company LLC upped their target price on shares of Roblox from $79.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Wedbush reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Roblox in a report on Thursday, September 4th. Canaccord Genuity Group lifted their price objective on Roblox from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Wall Street Zen cut Roblox from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Piper Sandler upped their target price on Roblox to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.72.

Roblox Trading Up 3.0%

NYSE RBLX opened at $126.33 on Tuesday. The stock’s 50-day simple moving average is $129.01 and its two-hundred day simple moving average is $99.88. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. 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 company has a market capitalization of $81.49 billion, a price-to-earnings ratio of -88.34 and a beta of 1.63.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter 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. Research analysts forecast that Roblox Corporation will post -1.49 EPS 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.