Wilmington Savings Fund Society FSB Has $591,000 Stake in Roblox Corporation $RBLX

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in Roblox Corporation by 28.4% in the second quarter, with holdings now valued at $591,000 after selling 2,228 shares.
• Various institutional investors, including Nuveen LLC and Fox Run Management L.L.C., have made significant changes to their positions in Roblox, with institutional ownership hitting 94.46% of the company's stock.
• Roblox's stock has seen a price target range increase among analysts, with upgrades from brokerages like Raymond James and Wedbush, now setting price objectives at $165.00.

Wilmington Savings Fund Society FSB decreased its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 28.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,621 shares of the company's stock after selling 2,228 shares during the period. Wilmington Savings Fund Society FSB's holdings in Roblox were worth $591,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Roblox during the 1st quarter valued at about $70,254,000. Fox Run Management L.L.C. increased its holdings in shares of Roblox by 56.5% during the 1st quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock valued at $709,000 after acquiring an additional 4,390 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new position in shares of Roblox during the 2nd quarter valued at about $2,779,000. Long Corridor Asset Management Ltd acquired a new position in shares of Roblox during the 1st quarter valued at about $4,372,000. Finally, OMNI 360 Wealth Inc. increased its holdings in shares of Roblox by 69.9% during the 2nd quarter. OMNI 360 Wealth Inc. now owns 8,059 shares of the company's stock valued at $848,000 after acquiring an additional 3,315 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RBLX. Raymond James Financial reissued an "outperform" rating and set a $165.00 price objective (up previously from $155.00) on shares of Roblox in a report on Tuesday. Wedbush reiterated an "outperform" rating and issued a $165.00 price objective on shares of Roblox in a research report on Thursday, September 4th. BMO Capital Markets raised their price objective on Roblox from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Roblox in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $170.00 target price on Roblox and gave the stock an "overweight" rating in a research report on Monday. Twenty research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $129.22.

Insiders Place Their Bets

In other Roblox news, CAO Amy Marie Rawlings sold 6,567 shares of Roblox stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the transaction, the chief accounting officer owned 46,866 shares in the company, valued at approximately $5,516,596.86. The trade was a 12.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $136.55, for a total value of $819,300.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,876 shares of company stock worth $47,485,929. 12.92% of the stock is owned by company insiders.

Roblox Price Performance

Roblox stock opened at $132.81 on Friday. The business has a 50 day simple moving average of $129.30 and a 200 day simple moving average of $103.67. Roblox Corporation has a one year low of $39.30 and a one year high of $150.59. The company has a market capitalization of $85.67 billion, a PE ratio of -92.87 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 issued its quarterly earnings data 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 net margin of 23.67% and a negative return on equity of 372.96%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. The company'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 forecast that Roblox Corporation will post -1.49 EPS for the current fiscal 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.

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