Public Employees Retirement System of Ohio Grows Stake in Roblox Corporation $RBLX

Public Employees Retirement System of Ohio increased its position in Roblox Corporation (NYSE:RBLX - Free Report) by 26.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 204,640 shares of the company's stock after acquiring an additional 42,902 shares during the period. Public Employees Retirement System of Ohio's holdings in Roblox were worth $21,528,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Roblox by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock valued at $504,387,000 after purchasing an additional 6,007,322 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after buying an additional 4,400,624 shares during the last quarter. Ninety One UK Ltd bought a new stake in Roblox during the first quarter valued at approximately $137,379,000. Ieq Capital LLC grew its position in Roblox by 13.8% during the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after buying an additional 2,297,350 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Roblox by 210.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock valued at $189,840,000 after buying an additional 2,207,897 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Analysts Set New Price Targets

RBLX has been the topic of several analyst reports. Barclays lifted their price target on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Citigroup lifted their target price on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Needham & Company LLC boosted their price target on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a report on Friday, August 1st. Piper Sandler raised their price objective on Roblox to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Wolfe Research raised Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research report on Friday, August 22nd. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $126.24.

Roblox Price Performance

NYSE:RBLX opened at $132.06 on Friday. The business's 50-day simple moving average is $127.26 and its two-hundred day simple moving average is $95.61. Roblox Corporation has a 52 week low of $37.50 and a 52 week high of $150.59. The stock has a market cap of $85.18 billion, a PE ratio of -92.35 and a beta of 1.62. 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 earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The business'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) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $122.74, for a total transaction of $8,100,840.00. Following the sale, the director owned 275,248 shares in the company, valued at $33,783,939.52. This trade represents a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $136.55, for a total transaction of $819,300.00. Following the transaction, the insider owned 278,642 shares of the company's stock, valued at approximately $38,048,565.10. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 372,876 shares of company stock worth $45,861,309. Insiders own 12.92% of the company's stock.

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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