Sumitomo Mitsui Trust Group Inc. Has $641.56 Million Stock Holdings in Roblox Corporation $RBLX

Key Points

• Sumitomo Mitsui Trust Group Inc. has reduced its stake in Roblox Corporation by 15.6%, now holding 6,098,483 shares valued at approximately $641.56 million.
• Roblox's quarterly earnings report showed a loss of <$0.41> per share, missing estimates, despite a 50.5% increase in revenue year-over-year to $1.44 billion.
• Institutional investors own 94.46% of Roblox's stock, indicating significant interest from large financial organizations in the company's performance and strategy.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 15.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,098,483 shares of the company's stock after selling 1,130,732 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.90% of Roblox worth $641,560,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC acquired a new stake in shares of Roblox during the 2nd quarter worth about $33,000. Generali Asset Management SPA SGR acquired a new stake in shares of Roblox during the 2nd quarter worth about $40,000. Kiker Wealth Management LLC increased its position in shares of Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company's stock worth $43,000 after purchasing an additional 397 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Roblox by 124.7% during the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company's stock worth $56,000 after purchasing an additional 298 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Roblox by 60.5% during the 2nd quarter. Harbour Investments Inc. now owns 549 shares of the company's stock worth $58,000 after purchasing an additional 207 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Up 0.8%

Roblox stock opened at $130.32 on Friday. The company's 50 day simple moving average is $129.56 and its 200 day simple moving average is $105.74. Roblox Corporation has a fifty-two week low of $41.50 and a fifty-two week high of $150.59. The firm has a market capitalization of $84.06 billion, a price-to-earnings ratio of -91.13 and a beta of 1.63. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97.

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). Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned ($0.32) EPS. The firm's revenue was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Insider Activity at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the transaction, the insider owned 242,469 shares of the company's stock, valued at approximately $28,541,025.99. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last three months, insiders sold 366,876 shares of company stock worth $47,485,929. Corporate insiders own 12.92% of the company's stock.

Analyst Ratings Changes

RBLX has been the topic of a number of research analyst reports. Canaccord Genuity Group increased their price objective on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Benchmark increased their price objective on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Roblox in a research note on Wednesday, October 8th. Morgan Stanley set a $170.00 target price on shares of Roblox and gave the company an "overweight" rating in a research note on Monday, October 13th. Finally, Jefferies Financial Group raised their target price on shares of Roblox from $126.00 to $130.00 and gave the company a "hold" rating in a research note on Tuesday, October 14th. Twenty equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $129.22.

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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