Asset Management One Co. Ltd. Buys 56,101 Shares of Roblox Corporation $RBLX

Asset Management One Co. Ltd. boosted its stake in Roblox Corporation (NYSE:RBLX) by 30.7% in the second quarter, HoldingsChannel reports. The firm owned 238,917 shares of the company’s stock after acquiring an additional 56,101 shares during the period. Asset Management One Co. Ltd.’s holdings in Roblox were worth $25,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Cardinal Point Capital Management ULC bought a new stake in Roblox in the 2nd quarter worth approximately $234,000. Bleakley Financial Group LLC grew its position in Roblox by 18.0% in the 2nd quarter. Bleakley Financial Group LLC now owns 15,453 shares of the company’s stock worth $1,626,000 after purchasing an additional 2,361 shares during the period. Forum Financial Management LP grew its position in Roblox by 9.5% in the 2nd quarter. Forum Financial Management LP now owns 4,932 shares of the company’s stock worth $519,000 after purchasing an additional 428 shares during the period. Ethic Inc. grew its position in Roblox by 368.3% in the 2nd quarter. Ethic Inc. now owns 41,018 shares of the company’s stock worth $4,331,000 after purchasing an additional 32,260 shares during the period. Finally, Parcion Private Wealth LLC grew its position in Roblox by 35.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 7,065 shares of the company’s stock worth $743,000 after purchasing an additional 1,863 shares during the period. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective 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. Barclays boosted their price objective on shares of Roblox from $62.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Cowen reissued a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Roblox in a research report on Saturday. Finally, Arete raised shares of Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price objective for the company in a research report on Tuesday, September 9th. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Roblox has an average rating of “Moderate Buy” and a consensus target price of $129.22.

Insider Activity

In related news, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the transaction, the insider owned 242,469 shares in the company, valued at approximately $28,541,025.99. The trade was a 7.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $136.55, for a total transaction of $819,300.00. Following the transaction, the insider owned 278,642 shares in the company, valued at approximately $38,048,565.10. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 366,876 shares of company stock worth $47,485,929 in the last quarter. Corporate insiders own 12.92% of the company’s stock.

Roblox Stock Down 1.1%

RBLX opened at $127.85 on Friday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a fifty-two week low of $41.50 and a fifty-two week high of $150.59. The firm’s fifty day moving average is $129.77 and its 200 day moving average is $106.66. The stock has a market cap of $82.47 billion, a price-to-earnings ratio of -89.41 and a beta of 1.63.

Roblox (NYSE:RBLX) last released 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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm posted ($0.32) EPS. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Roblox Company 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.