Roblox Corporation $RBLX Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its stake in Roblox Corporation (NYSE:RBLX) by 54.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 38,533 shares of the company’s stock after purchasing an additional 13,657 shares during the period. Wealthfront Advisers LLC’s holdings in Roblox were worth $4,054,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Roblox by 217.4% in 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 during the period. Vanguard Group Inc. boosted its holdings in Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock valued at $3,359,854,000 after acquiring an additional 4,400,624 shares during the period. Ninety One UK Ltd acquired a new position in Roblox in the 1st quarter valued at about $137,379,000. Ieq Capital LLC increased its stake in Roblox by 13.8% during the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock worth $1,101,097,000 after purchasing an additional 2,297,350 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Roblox by 210.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company’s stock worth $189,840,000 after purchasing an additional 2,207,897 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roblox

In other news, CEO David Baszucki sold 875 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total transaction of $110,880.00. Following the completion of the sale, the chief executive officer owned 211,559 shares in the company, valued at approximately $26,808,756.48. The trade was a 0.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $136.33, for a total transaction of $8,997,780.00. Following the completion of the transaction, the director owned 270,628 shares of the company’s stock, valued at approximately $36,894,715.24. The trade was a 19.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 366,876 shares of company stock worth $47,485,929. 12.92% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RBLX shares. JPMorgan Chase & Co. lifted their price objective on shares of Roblox from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Wedbush restated an “outperform” rating and issued a $165.00 price target on shares of Roblox in a research note on Thursday, September 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 price objective (up previously from $155.00) on shares of Roblox in a research report on Tuesday, October 14th. Finally, Barclays lifted their target price on Roblox from $62.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and a consensus price target of $129.22.

Roblox Price Performance

Shares of RBLX opened at $132.00 on Wednesday. The firm has a market capitalization of $85.15 billion, a price-to-earnings ratio of -92.31 and a beta of 1.63. The firm’s fifty day simple moving average is $130.22 and its 200-day simple moving average is $108.04. Roblox Corporation has a twelve month low of $41.50 and a twelve month high of $150.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same period last year, the company earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities 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.