Whittier Trust Co. Decreases Stake in Roblox Corporation $RBLX

Key Points

• Whittier Trust Co. decreased its stake in Roblox Corporation by 21.3% during Q2, reducing its holdings to 76,796 shares valued at approximately $8.08 million.
• Several institutional investors, including Fifth Third Bancorp and Kiker Wealth Management, have significantly increased their stakes in Roblox during the same quarter.
• Research analysts have given mixed ratings for Roblox, with an average target price of $129.22 and 20 analysts rating it as a Buy, indicating a generally optimistic outlook despite its recent negative earnings report.

Whittier Trust Co. lessened its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 21.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 76,796 shares of the company's stock after selling 20,794 shares during the quarter. Whittier Trust Co.'s holdings in Roblox were worth $8,079,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RBLX. Morgan Stanley set a $170.00 target price on Roblox and gave the stock an "overweight" rating in a research note on Monday, October 13th. Raymond James Financial restated an "outperform" rating and set a $165.00 target price (up previously from $155.00) on shares of Roblox in a research note on Tuesday, October 14th. BMO Capital Markets boosted their target price on Roblox from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, October 2nd. Weiss Ratings restated a "sell (d-)" rating on shares of Roblox in a research note on Wednesday, October 8th. Finally, Cowen restated a "sell" rating on shares of Roblox in a research note on Monday, August 18th. Twenty 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $129.22.

Roblox Price Performance

Shares of NYSE RBLX opened at $133.18 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a twelve month low of $40.57 and a twelve month high of $150.59. The stock has a 50 day moving average of $129.46 and a two-hundred day moving average of $105.05. The stock has a market cap of $85.91 billion, a P/E ratio of -93.13 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last issued 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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the firm posted ($0.32) EPS. Roblox's quarterly 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. On average, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 278,642 shares of the company's stock, valued at approximately $38,048,565.10. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of the business's 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 completion of the transaction, the insider directly owned 242,469 shares in the company, valued at approximately $28,541,025.99. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,876 shares of company stock worth $47,485,929. 12.92% of the stock is currently owned by company insiders.

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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