Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Roblox Corporation (NYSE:RBLX – Free Report) by 4.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 276,848 shares of the company’s stock after selling 12,101 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Roblox were worth $29,124,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in shares of Roblox in the second quarter valued at about $34,000. ORG Partners LLC bought a new stake in Roblox in the 2nd quarter worth about $33,000. Generali Asset Management SPA SGR bought a new stake in Roblox in the 2nd quarter worth about $40,000. Kiker Wealth Management LLC increased its stake in Roblox by 2,646.7% in the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after buying an additional 397 shares during the last quarter. Finally, SouthState Corp lifted its position in shares of Roblox by 232.1% during the 2nd quarter. SouthState Corp now owns 435 shares of the company’s stock worth $46,000 after buying an additional 304 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
RBLX has been the subject of several recent analyst reports. Piper Sandler set a $130.00 target price on Roblox in a report on Friday, October 31st. Benchmark reissued a “hold” rating on shares of Roblox in a research report on Friday, October 31st. Wells Fargo & Company decreased their target price on Roblox from $155.00 to $141.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Jefferies Financial Group boosted their price target on shares of Roblox from $126.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday, October 14th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $150.00 target price on shares of Roblox in a research note on Friday, October 31st. Twenty 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.41.
Roblox Trading Down 0.9%
Shares of RBLX stock opened at $101.35 on Tuesday. The stock has a market capitalization of $66.37 billion, a price-to-earnings ratio of -70.87 and a beta of 1.61. The company’s fifty day simple moving average is $125.28 and its two-hundred day simple moving average is $112.76. Roblox Corporation has a 1 year low of $47.95 and a 1 year high of $150.59. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96.
Roblox (NYSE:RBLX – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business’s revenue for the quarter was up 70.3% on a year-over-year basis. During the same period last year, the company earned ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.
Insiders Place Their Bets
In other Roblox news, CAO Amy Marie Rawlings sold 6,567 shares of Roblox stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $773,001.57. Following the completion of the transaction, the chief accounting officer owned 46,866 shares of the company’s stock, valued at $5,516,596.86. The trade was a 12.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 66,896 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $104.53, for a total value of $6,992,638.88. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,416 shares of company stock worth $38,124,641 over the last quarter. Insiders own 12.92% of the company’s stock.
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.
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