Nissay Asset Management Corp Japan ADV Has $8.22 Million Stock Holdings in Roblox Corporation $RBLX

Key Points

• Nissay Asset Management Corp Japan ADV has increased its stake in Roblox Corporation by 8.1%, bringing its total ownership to approximately $8.22 million with 140,951 shares after the 1st quarter.
• Roblox reported a revenue of $1.44 billion for the most recent quarter, which exceeded analyst expectations, but missed earnings per share targets.
• Multiple analysts have raised their price targets for Roblox, with Wedbush setting a target at $165.00 and Wells Fargo increasing theirs to $153.00, amidst a consensus rating of "Moderate Buy" from 26 analysts.

Nissay Asset Management Corp Japan ADV increased its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,951 shares of the company's stock after acquiring an additional 10,597 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Roblox were worth $8,216,000 at the end of the most recent quarter.

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

Roblox Trading Down 1.6%

NYSE RBLX opened at $127.78 on Friday. The firm has a market cap of $82.42 billion, a P/E ratio of -89.35 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 stock's 50-day moving average is $120.00 and its 200-day moving average is $88.73. Roblox Corporation has a one year low of $37.50 and a one year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results 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 for 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 company'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 business earned ($0.32) EPS. 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.

Analysts Set New Price Targets

RBLX has been the topic of several analyst reports. Wedbush reissued an "outperform" rating and issued a $165.00 target price on shares of Roblox in a research note on Thursday. Wells Fargo & Company increased their target price on Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. BTIG Research set a $131.00 target price on Roblox and gave the company a "buy" rating in a research note on Monday, July 28th. The Goldman Sachs Group increased their target price on Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Finally, Barclays increased their target price on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $119.00.

Insider Buying and Selling

In related news, CEO David Baszucki sold 454,963 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $21,284,950.99. This trade represents a 68.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Reinstra sold 150,000 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $99.75, for a total value of $14,962,500.00. Following the transaction, the insider owned 389,489 shares of the company's stock, valued at approximately $38,851,527.75. The trade was a 27.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,047,908 shares of company stock worth $215,580,184. 12.92% of the stock is owned by corporate insiders.

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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