Roblox Corporation $RBLX Shares Purchased by TD Asset Management Inc

TD Asset Management Inc raised its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 305.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 551,814 shares of the company's stock after purchasing an additional 415,643 shares during the quarter. TD Asset Management Inc owned about 0.08% of Roblox worth $58,051,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Roblox by 8.3% in the 1st 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 period. 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 acquiring an additional 2,297,350 shares during the period. AQR Capital Management LLC increased its stake in Roblox by 217.4% during the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock worth $504,387,000 after acquiring an additional 6,007,322 shares during the last quarter. Amundi raised its holdings in shares of Roblox by 55.5% in the 1st quarter. Amundi now owns 4,960,806 shares of the company's stock worth $288,818,000 after purchasing an additional 1,769,669 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Roblox by 210.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock valued at $189,840,000 after purchasing an additional 2,207,897 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RBLX. Needham & Company LLC increased their target price on shares of Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Arete upgraded shares of Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective for the company in a research note on Tuesday, September 9th. Bank of America increased their price objective on shares of Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. BTIG Research raised their target price on shares of Roblox from $159.00 to $173.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Finally, Morgan Stanley set a $170.00 price target on shares of Roblox and gave the stock an "overweight" rating in a research report on Monday. Twenty equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $128.31.

Roblox Price Performance

RBLX opened at $138.45 on Thursday. Roblox Corporation has a twelve month low of $39.30 and a twelve month high of $150.59. The firm has a market cap of $89.31 billion, a price-to-earnings ratio of -96.82 and a beta of 1.63. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The company has a fifty day simple moving average of $129.13 and a 200 day simple moving average of $102.65.

Roblox (NYSE:RBLX - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business's quarterly revenue was up 50.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Activity

In other Roblox news, CAO Amy Marie Rawlings sold 6,567 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 $773,001.57. Following the sale, the chief accounting officer directly owned 46,866 shares in the company, valued at $5,516,596.86. The trade was a 12.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total value of $810,120.00. Following the transaction, the insider owned 272,642 shares of the company's stock, valued at approximately $36,812,122.84. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 366,876 shares of company stock worth $47,485,929 over the last quarter. Corporate insiders own 12.92% of the company's stock.

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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