J. Safra Sarasin Holding AG Sells 18,047 Shares of Roblox Corporation $RBLX

Key Points

• J. Safra Sarasin Holding AG has reduced its stake in Roblox Corporation by 39.7%, selling 18,047 shares and holding 27,382 shares valued at $2,881,000 at the end of the second quarter.
• Several institutional investors have increased their positions in Roblox, notably ASR Vermogensbeheer N.V., which raised its stake by 54.4%, owning now 51,425 shares worth about $5.4 million.
• Roblox's stock has seen a series of upward revisions in target prices by analysts, with a consensus rating of "Moderate Buy" and an average target price of $126.64, despite a recent drop of 0.5% in stock price.

J. Safra Sarasin Holding AG trimmed its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 39.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,382 shares of the company's stock after selling 18,047 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Roblox were worth $2,881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Lecap Asset Management Ltd. purchased a new position in Roblox in the second quarter worth $546,000. ASR Vermogensbeheer N.V. raised its stake in shares of Roblox by 54.4% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 51,425 shares of the company's stock worth $5,409,000 after purchasing an additional 18,114 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Roblox by 47.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 847,544 shares of the company's stock worth $89,162,000 after buying an additional 271,910 shares during the last quarter. QTR Family Wealth LLC bought a new position in Roblox during the second quarter valued at about $456,000. Finally, PFG Investments LLC bought a new position in Roblox during the second quarter valued at about $201,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RBLX. Benchmark boosted their target price on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, August 1st. BTIG Research upped their price objective on Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Piper Sandler raised their target price on Roblox to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Wells Fargo & Company upped their price target on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Wolfe Research raised Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a report on Friday, August 22nd. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $126.64.

Roblox Stock Down 0.5%

RBLX stock opened at $133.44 on Friday. The stock has a 50-day simple moving average of $128.81 and a two-hundred day simple moving average of $98.39. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The firm has a market capitalization of $86.07 billion, a PE ratio of -93.31 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94.

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 firm had revenue of $1.44 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Activity

In other news, CAO Amy Marie Rawlings sold 6,567 shares of the business's stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 46,866 shares in the company, valued at $5,516,596.86. The trade was a 12.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Arvind Chakravarthy sold 20,552 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the transaction, the insider directly owned 242,469 shares in the company, valued at approximately $28,541,025.99. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 366,876 shares of company stock valued at $47,386,869 in the last quarter. 12.92% of the stock is currently owned by company insiders.

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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