West Michigan Advisors LLC Cuts Stake in Roblox Corporation $RBLX

Key Points

• West Michigan Advisors LLC has significantly reduced its stake in Roblox Corporation by 49.9%, selling a total of 3,975 shares, leaving them with a holding valued at approximately $421,000.
• During the same period, several institutional investors, including Asset Management One Co. Ltd., increased their stakes in Roblox, with some reporting up to 368.3% growth in holdings.
• Roblox's recent quarterly earnings missed expectations, reporting a loss of ($0.41) per share, while revenue increased by 50.5% year-over-year, amounting to $1.44 billion.

West Michigan Advisors LLC lowered its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 49.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,998 shares of the company's stock after selling 3,975 shares during the period. West Michigan Advisors LLC's holdings in Roblox were worth $421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Asset Management One Co. Ltd. lifted its stake in shares of Roblox by 30.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 238,917 shares of the company's stock worth $25,134,000 after purchasing an additional 56,101 shares during the period. Cardinal Point Capital Management ULC bought a new stake in Roblox during the 2nd quarter worth approximately $234,000. Bleakley Financial Group LLC raised its stake in Roblox by 18.0% during the 2nd quarter. Bleakley Financial Group LLC now owns 15,453 shares of the company's stock worth $1,626,000 after acquiring an additional 2,361 shares during the period. Forum Financial Management LP raised its stake in Roblox by 9.5% during the 2nd quarter. Forum Financial Management LP now owns 4,932 shares of the company's stock worth $519,000 after acquiring an additional 428 shares during the period. Finally, Ethic Inc. grew its holdings in shares of Roblox by 368.3% in the second quarter. Ethic Inc. now owns 41,018 shares of the company's stock valued at $4,331,000 after purchasing an additional 32,260 shares in the last quarter. Institutional investors own 94.46% of the company's stock.

Roblox Price Performance

RBLX opened at $130.32 on Friday. The business's 50-day moving average is $129.56 and its two-hundred day moving average is $105.74. Roblox Corporation has a 1 year low of $41.50 and a 1 year high of $150.59. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $84.06 billion, a PE ratio of -91.13 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly 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 analysts' expectations of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. Roblox's revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RBLX. Piper Sandler raised their target price on shares of Roblox to $180.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Wells Fargo & Company lifted their price objective 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. Jefferies Financial Group lifted their price objective on shares of Roblox from $126.00 to $130.00 and gave the stock a "hold" rating in a research note on Tuesday, October 14th. Arete raised 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. Finally, Canaccord Genuity Group lifted their price objective on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $129.22.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 875 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total value of $110,880.00. Following the sale, the chief executive officer owned 211,559 shares in the company, valued at approximately $26,808,756.48. This represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $135.02, for a total value of $810,120.00. Following the completion of the sale, the insider owned 272,642 shares in the company, valued at approximately $36,812,122.84. This represents a 2.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 366,876 shares of company stock valued at $47,485,929. Insiders own 12.92% of the company's stock.

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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