Donor Advised Charitable Giving Inc. Trims Position in Roblox Corporation $RBLX

Key Points

• Donor Advised Charitable Giving Inc. reduced its stake in Roblox Corporation by 62.1% during the second quarter, now owning 40,303 shares worth $4.24 million.
• Roblox's stock has experienced a decrease of 7.9%, with a current market capitalization of $79.28 billion and a P/E ratio of -85.95.
• Recent analyst ratings show a wide range of opinions on Roblox, with 20 analysts rating it as a Buy and an average price target of $126.72.

Donor Advised Charitable Giving Inc. lessened its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 62.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,303 shares of the company's stock after selling 66,158 shares during the period. Roblox comprises about 0.1% of Donor Advised Charitable Giving Inc.'s holdings, making the stock its 5th largest holding. Donor Advised Charitable Giving Inc.'s holdings in Roblox were worth $4,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in Roblox by 217.4% in the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock valued at $504,387,000 after purchasing an additional 6,007,322 shares during the last quarter. Vanguard Group Inc. raised 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 buying an additional 4,400,624 shares during the last quarter. Ninety One UK Ltd purchased a new stake in Roblox during the 1st quarter valued at $137,379,000. Ieq Capital LLC boosted its position 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 during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Roblox by 210.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock worth $189,840,000 after acquiring an additional 2,207,897 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on RBLX. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Roblox in a research note on Saturday, September 27th. Wolfe Research upgraded Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a report on Friday, August 22nd. BTIG Research upped their price target on Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Needham & Company LLC lifted their price objective on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Arete raised Roblox from a "sell" rating to a "neutral" rating and set a $116.00 target price on the stock in a research note on Tuesday, September 9th. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.72.

Roblox Stock Down 7.9%

Shares of NYSE:RBLX opened at $122.91 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 52-week low of $37.50 and a 52-week high of $150.59. The firm has a market capitalization of $79.28 billion, a P/E ratio of -85.95 and a beta of 1.63. The stock has a 50 day moving average price of $128.89 and a 200-day moving average price of $98.85.

Roblox (NYSE:RBLX - Get Free Report) last issued 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 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% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Transactions at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 20,552 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider directly owned 242,469 shares in the company, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly owned 278,642 shares of the company's stock, valued at $38,048,565.10. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,876 shares of company stock worth $47,386,869. Company 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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