MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $5.66 Million Holdings in Roblox Corporation $RBLX

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Roblox Corporation by 42.6% in the first quarter, now holding 97,144 shares worth approximately $5.66 million.
• Roblox's stock has received mixed ratings from analysts, with a current consensus rating of "Moderate Buy" and a target price averaging $123.16.
• Insider transactions indicate significant selling activity, with insiders selling nearly 2 million shares over the last 90 days, indicating potential concerns about the company's performance.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 42.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,144 shares of the company's stock after selling 71,954 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Roblox were worth $5,664,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. grew its position in Roblox by 1.2% in the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock worth $775,000 after buying an additional 163 shares during the last quarter. Commerce Bank grew its position in Roblox by 2.7% in the first quarter. Commerce Bank now owns 7,257 shares of the company's stock worth $423,000 after buying an additional 191 shares during the last quarter. Advisors Asset Management Inc. grew its position in Roblox by 6.1% in the first quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company's stock worth $194,000 after buying an additional 192 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Roblox by 0.3% during the first quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock valued at $4,518,000 after acquiring an additional 198 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Roblox by 3.8% during the first quarter. Signaturefd LLC now owns 6,153 shares of the company's stock valued at $359,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Transactions at Roblox

In other news, Director Anthony P. Lee sold 111,112 shares of the 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO David Baszucki sold 454,963 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $100.61, for a total transaction of $45,773,827.43. Following the transaction, the chief executive officer owned 211,559 shares in the company, valued at approximately $21,284,950.99. This trade represents a 68.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,993,861 shares of company stock worth $210,622,673 in the last 90 days. 12.92% of the stock is owned by insiders.

Roblox Stock Up 0.3%

Roblox stock traded up $0.46 during trading hours on Friday, hitting $133.42. The company had a trading volume of 5,238,408 shares, compared to its average volume of 8,864,180. The firm has a market capitalization of $86.06 billion, a P/E ratio of -93.30 and a beta of 1.62. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The firm's fifty day moving average is $122.89 and its 200-day moving average is $90.98. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week 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) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Citigroup boosted their price target on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Oppenheimer restated an "outperform" rating and set a $125.00 price target (up previously from $80.00) on shares of Roblox in a report on Wednesday, June 18th. BTIG Research boosted their price target on shares of Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Benchmark boosted their price target on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a report on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $123.16.

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.