Envestnet Portfolio Solutions Inc. Takes Position in Roblox Corporation $RBLX

Key Points

• Envestnet Portfolio Solutions Inc. has acquired a new stake in Roblox Corporation, purchasing 3,417 shares valued at approximately $359,000 during the second quarter.
• Several hedge funds have increased their stakes in Roblox, with Wealth Enhancement Advisory Services LLC raising its stake by 138.6%, now owning shares worth $8.1 million.
• Roblox's recent earnings report showed a 50.5% revenue increase year-over-year, although they missed earnings expectations, reporting an EPS of ($0.41) compared to the estimates of ($0.37).

Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,417 shares of the company's stock, valued at approximately $359,000.

A number of other hedge funds also recently made changes to their positions in RBLX. GAMMA Investing LLC raised its stake in shares of Roblox by 89.5% during the first quarter. GAMMA Investing LLC now owns 2,274 shares of the company's stock valued at $133,000 after purchasing an additional 1,074 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Roblox by 138.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 139,086 shares of the company's stock worth $8,107,000 after buying an additional 80,804 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Roblox by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 26,234 shares of the company's stock worth $1,529,000 after buying an additional 727 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Roblox by 5.9% in the first quarter. Asset Management One Co. Ltd. now owns 182,816 shares of the company's stock worth $10,656,000 after buying an additional 10,172 shares during the last quarter. Finally, Wealthquest Corp bought a new stake in shares of Roblox in the first quarter worth $160,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Insider Activity

In other news, Director Anthony P. Lee sold 111,112 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $131.01, for a total transaction of $14,556,783.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the business's 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 directly owned 278,642 shares of the company's stock, 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. In the last three months, insiders sold 366,876 shares of company stock worth $47,485,929. 12.92% of the stock is owned by insiders.

Analyst Ratings Changes

RBLX has been the subject of a number of research analyst reports. Needham & Company LLC lifted their price target on shares of Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Jefferies Financial Group lifted their price target on shares of Roblox from $126.00 to $130.00 and gave the stock a "hold" rating in a research note on Tuesday, October 14th. Bank of America lifted their price target on shares of Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. JPMorgan Chase & Co. lifted their price target on shares of Roblox from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. Finally, Piper Sandler lifted their price target on shares of Roblox to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and an average price target of $129.22.

Roblox Stock Performance

Roblox stock opened at $127.87 on Thursday. The company has a market cap of $82.48 billion, a PE ratio of -89.42 and a beta of 1.63. The company has a fifty day moving average price of $129.48 and a two-hundred day moving average price of $105.21. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. Roblox Corporation has a 12 month low of $41.13 and a 12 month high of $150.59.

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

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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