Asset Management One Co. Ltd. Boosts Stock Position in Roblox Corporation $RBLX

Key Points

• Asset Management One Co. Ltd. increased its stake in Roblox Corporation by 30.7% during Q2, owning approximately 238,917 shares valued at about $25.1 million.
• Roblox's stock price target has seen significant increases from various analysts, with twenty analysts rating it as a Buy and an average target price of $129.22.
• The company reported a revenue of $1.44 billion for the last quarter, surpassing expectations, despite a loss of $0.41 per share against an estimated loss of $0.37 per share.

Asset Management One Co. Ltd. lifted its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 30.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,917 shares of the company's stock after purchasing 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 SEC filing.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of Roblox during the second quarter worth about $33,000. Larson Financial Group LLC lifted its holdings in Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after buying an additional 516 shares during the period. Generali Asset Management SPA SGR purchased a new stake in Roblox in the second quarter worth about $40,000. Kiker Wealth Management LLC lifted its holdings in Roblox by 2,646.7% in the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock worth $43,000 after buying an additional 397 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Roblox by 124.7% in the second quarter. Fifth Third Bancorp now owns 537 shares of the company's stock worth $56,000 after buying an additional 298 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBLX has been the subject of several research analyst reports. Wedbush restated an "outperform" rating and issued a $165.00 price objective on shares of Roblox in a report on Thursday, September 4th. Canaccord Genuity Group raised their price objective on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Needham & Company LLC raised their target price on shares of Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Roth Capital reissued a "neutral" rating and issued a $146.00 price target on shares of Roblox in a research report on Friday, October 17th. Finally, Arete upgraded Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price target on the stock in a research note on Tuesday, September 9th. 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 currently has an average rating of "Moderate Buy" and an average target price of $129.22.

Roblox Stock Down 1.1%

RBLX stock opened at $127.85 on Friday. Roblox Corporation has a twelve month low of $41.50 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 firm has a market cap of $82.47 billion, a PE ratio of -89.41 and a beta of 1.63. The business has a 50 day moving average of $129.77 and a 200 day moving average of $106.66.

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

Insider Activity at Roblox

In related news, CEO David Baszucki sold 875 shares of the firm'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 of the company's stock, valued at $26,808,756.48. This trade represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the sale, the chief accounting officer directly owned 46,866 shares of the company's stock, valued at $5,516,596.86. This trade represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 366,876 shares of company stock valued at $47,485,929 over the last ninety days. Corporate insiders own 12.92% of the company's stock.

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.

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