Symmetry Partners LLC Takes $284,000 Position in Roblox Corporation $RBLX

Key Points

• Symmetry Partners LLC has acquired a new stake in Roblox Corporation, investing approximately $284,000 for 2,696 shares in the second quarter.
• Analysts have raised their price targets for Roblox, with Canaccord Genuity and Bank of America setting targets of $160.00 and $171.00, respectively, both maintaining a "buy" rating.
• Roblox's recent quarterly earnings showed a revenue increase of 50.5% year-over-year, despite reporting a loss of ($0.41) earnings per share.

Symmetry Partners LLC bought a new stake in Roblox Corporation (NYSE:RBLX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,696 shares of the company's stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBLX. Toronto Dominion Bank increased its stake in shares of Roblox by 7.3% in the fourth quarter. Toronto Dominion Bank now owns 64,476 shares of the company's stock valued at $3,731,000 after buying an additional 4,384 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Roblox by 14.7% in the fourth quarter. Mackenzie Financial Corp now owns 28,329 shares of the company's stock valued at $1,639,000 after buying an additional 3,633 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Roblox by 67.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 58,282 shares of the company's stock valued at $3,372,000 after acquiring an additional 23,431 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in Roblox by 13.8% in the first quarter. Central Pacific Bank Trust Division now owns 9,985 shares of the company's stock valued at $582,000 after acquiring an additional 1,214 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Roblox by 10,945.9% in the first quarter. GAMMA Investing LLC now owns 132,551 shares of the company's stock valued at $7,726,000 after acquiring an additional 131,351 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RBLX shares. Canaccord Genuity Group raised their price target on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Bank of America raised their price target on Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a report on Monday, September 8th. Arete upgraded Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price target on the stock in a report on Tuesday, September 9th. Wolfe Research upgraded Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. raised their target price on Roblox from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $126.24.

Roblox Stock Up 2.3%

Shares of Roblox stock opened at $135.11 on Friday. The business's 50 day simple moving average is $127.47 and its 200 day simple moving average is $96.44. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59. The firm has a market cap of $87.15 billion, a PE ratio of -94.48 and a beta of 1.62. 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 posted its quarterly earnings results 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm earned ($0.32) EPS. The firm's revenue for the quarter 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. On average, analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $136.55, for a total value of $819,300.00. Following the completion of the transaction, the insider directly owned 278,642 shares of the company's stock, valued at $38,048,565.10. The trade was a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction 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 completion of the transaction, the insider directly owned 242,469 shares of the company's stock, valued at $28,541,025.99. This represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 372,876 shares of company stock worth $45,861,309 over the last three months. 12.92% of the stock is currently owned by corporate insiders.

About Roblox

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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