Ethic Inc. Has $4.33 Million Holdings in Roblox Corporation $RBLX

Key Points

• Ethic Inc. significantly increased its holdings in Roblox Corporation by 368.3% in Q2, owning 41,018 shares valued at approximately $4.33 million.
• A majority of analysts have rated Roblox with a consensus of "Moderate Buy," with price targets ranging from $116.00 to $165.00 based on recent research reports.
• Roblox reported a 50.5% year-over-year increase in revenue for the last quarter, despite a loss of ($0.41) earnings per share, missing analyst estimates.

Ethic Inc. raised its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 368.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 41,018 shares of the company's stock after purchasing an additional 32,260 shares during the quarter. Ethic Inc.'s holdings in Roblox were worth $4,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in Roblox during the 2nd quarter valued at approximately $33,000. Generali Asset Management SPA SGR bought a new position in shares of Roblox during the 2nd quarter worth approximately $40,000. Kiker Wealth Management LLC boosted its holdings in shares of Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock worth $43,000 after buying an additional 397 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Roblox by 124.7% during the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company's stock worth $56,000 after buying an additional 298 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Roblox by 60.5% during the 2nd quarter. Harbour Investments Inc. now owns 549 shares of the company's stock worth $58,000 after buying an additional 207 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on RBLX. Arete Research set a $116.00 price target on Roblox in a report on Tuesday, September 9th. Needham & Company LLC increased their price target on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Benchmark increased their price target on Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. BMO Capital Markets increased their price target on Roblox from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, October 2nd. Finally, Wedbush restated an "outperform" rating and set a $165.00 price target on shares of Roblox in a report on Thursday, September 4th. Twenty research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.22.

Insiders Place Their Bets

In related news, insider Arvind Chakravarthy sold 20,552 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the sale, the insider directly owned 242,469 shares of the company's stock, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Baszucki sold 875 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $26,808,756.48. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 366,876 shares of company stock worth $47,485,929 in the last three months. 12.92% of the stock is owned by corporate insiders.

Roblox Price Performance

Shares of RBLX opened at $129.37 on Friday. Roblox Corporation has a 12-month low of $41.17 and a 12-month high of $150.59. The business's fifty day moving average is $129.56 and its 200 day moving average is $105.74. 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 stock has a market cap of $83.45 billion, a P/E ratio of -90.47 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share 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.

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