Wealth Enhancement Advisory Services LLC Grows Stock Position in Roblox Corporation $RBLX

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Roblox Corporation by 15.5%, now owning 160,667 shares valued at approximately $16.64 million.
• Institutional investors hold 94.46% of Roblox's stock, with notable increases from firms such as Larson Financial Group, which grew its position by an astonishing 819.0%.
• Analysts remain optimistic about Roblox, with twenty analysts rating the stock as a "Buy" and the average price target set at $123.16, following positive revenue growth reports.

Wealth Enhancement Advisory Services LLC boosted its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 15.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 160,667 shares of the company's stock after purchasing an additional 21,581 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Roblox were worth $16,644,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after buying an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Roblox in the 1st quarter worth $39,000. Headlands Technologies LLC purchased a new stake in shares of Roblox in the first quarter valued at about $57,000. TD Private Client Wealth LLC bought a new position in shares of Roblox during the first quarter valued at about $58,000. Finally, Garde Capital Inc. purchased a new position in Roblox during the first quarter worth about $66,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Wall Street Analyst Weigh In

RBLX has been the subject of several analyst reports. Citigroup increased their price objective on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Canaccord Genuity Group upped their target price on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Morgan Stanley lifted their price target on Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. upped their price objective on Roblox from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Cowen reaffirmed a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.56.

Insider Activity

In other Roblox news, CEO David Baszucki sold 192,617 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $105.13, for a total transaction of $20,249,825.21. Following the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $22,241,197.67. This trade represents a 47.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony P. Lee sold 111,112 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. Insiders have sold a total of 828,938 shares of company stock valued at $93,817,726 over the last ninety days. 12.92% of the stock is currently owned by corporate insiders.

Roblox Price Performance

RBLX stock traded up $1.70 during mid-day trading on Monday, hitting $136.88. 6,620,503 shares of the stock were exchanged, compared to its average volume of 7,736,943. 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 Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The business has a fifty day moving average price of $126.39 and a 200 day moving average price of $94.55. The stock has a market capitalization of $88.29 billion, a price-to-earnings ratio of -95.72 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last posted 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). 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 during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned ($0.32) earnings per share. 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, sell-side analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

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.