LVW Advisors LLC Invests $301,000 in Roblox Corporation $RBLX

Key Points

• LVW Advisors LLC invested $301,000 in Roblox Corporation, acquiring 2,861 shares during the 2nd quarter.
• Recent insider sales included Matthew D. Kaufman selling 6,000 shares for approximately $819,300, leading to a decrease in his ownership by 2.11%.
• Multiple analysts have significantly raised their price targets for Roblox, with estimates now ranging from $150 to $171, and the stock currently holds a consensus rating of "Moderate Buy."

LVW Advisors LLC bought a new position in Roblox Corporation (NYSE:RBLX - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 2,861 shares of the company's stock, valued at approximately $301,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Roblox in the 1st quarter worth about $70,254,000. Fox Run Management L.L.C. lifted its position in shares of Roblox by 56.5% in the 1st quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock worth $709,000 after purchasing an additional 4,390 shares during the period. Long Corridor Asset Management Ltd purchased a new stake in shares of Roblox in the 1st quarter worth about $4,372,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Roblox by 15.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock worth $2,096,000 after purchasing an additional 4,760 shares during the period. Finally, OMNI 360 Wealth Inc. increased its stake in shares of Roblox by 69.9% in the 2nd quarter. OMNI 360 Wealth Inc. now owns 8,059 shares of the company's stock worth $848,000 after acquiring an additional 3,315 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $136.55, for a total value of $819,300.00. Following the completion of the sale, the insider directly owned 278,642 shares in the company, valued at $38,048,565.10. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction that occurred 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 sale, the insider owned 242,469 shares of the company's stock, valued at $28,541,025.99. This represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 372,876 shares of company stock valued at $45,861,309. Company insiders own 12.92% of the company's stock.

Analyst Ratings Changes

RBLX has been the subject of several research reports. Needham & Company LLC increased 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. BMO Capital Markets increased their price target on shares of Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. increased 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. Bank of America increased 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. Finally, Morgan Stanley increased their price target on shares of Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.24.

Roblox Stock Up 2.3%

NYSE:RBLX opened at $135.11 on Monday. The firm has a market cap of $87.15 billion, a P/E ratio of -94.48 and a beta of 1.62. 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 fifty-two week low of $37.50 and a fifty-two week high of $150.59. The firm has a 50-day simple moving average of $127.47 and a two-hundred day simple moving average of $96.73.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates 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%. The firm's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

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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