Roblox Corporation $RBLX Shares Acquired by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its holdings in Roblox Corporation by 16.9%, owning a total of 194,400 shares valued at $20.45 million after acquiring additional shares in Q2.
• Several institutional investors made significant moves with Roblox shares, including Fifth Third Bancorp increasing its stake by 124.7%, and Larson Financial Group surpassing an 819.0% increase in its position.
• Analysts have mixed views on Roblox's stock; with ratings ranging from "buy" to "sell", while the average consensus target price is set at $126.84.

KLP Kapitalforvaltning AS lifted its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 16.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,400 shares of the company's stock after purchasing an additional 28,100 shares during the period. KLP Kapitalforvaltning AS's holdings in Roblox were worth $20,451,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ORG Partners LLC acquired a new position in shares of Roblox during the second quarter worth $33,000. Fifth Third Bancorp increased its stake in shares of Roblox by 124.7% in the second quarter. Fifth Third Bancorp now owns 537 shares of the company's stock worth $56,000 after buying an additional 298 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after buying an additional 516 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Roblox by 82.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 688 shares of the company's stock worth $72,000 after buying an additional 310 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Roblox by 21.4% in the second quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock worth $84,000 after buying an additional 141 shares during the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RBLX. Weiss Ratings restated a "sell (d-)" rating on shares of Roblox in a research note on Wednesday. Wall Street Zen lowered shares of Roblox from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Wells Fargo & Company lifted their price target on shares of Roblox from $153.00 to $155.00 and gave the stock an "overweight" rating in a research note on Friday, October 3rd. Needham & Company LLC lifted 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. Finally, Morgan Stanley lifted 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 issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $126.84.

Roblox Stock Up 0.7%

Shares of NYSE:RBLX opened at $125.85 on Thursday. The stock has a market capitalization of $81.18 billion, a price-to-earnings ratio of -88.01 and a beta of 1.63. Roblox Corporation has a 1-year low of $39.30 and a 1-year high of $150.59. The company's fifty day moving average is $129.15 and its two-hundred day moving average is $100.23. 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 (NYSE:RBLX - Get Free Report) last issued its earnings results 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). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company posted ($0.32) earnings per share. The firm's revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Insiders Place Their Bets

In related news, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $136.33, for a total value of $8,997,780.00. Following the completion of the transaction, the director directly owned 270,628 shares of the company's stock, valued at $36,894,715.24. This represents a 19.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the transaction, the chief accounting officer directly owned 46,866 shares of the company's stock, valued at $5,516,596.86. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 372,876 shares of company stock worth $48,196,989. 12.92% of the stock is 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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