WT Asset Management Ltd Takes Position in Roblox Corporation $RBLX

Key Points

• WT Asset Management Ltd purchased 870,910 shares of Roblox Corporation in Q2, valued at approximately $91.62 million, making it the firm's 6th largest portfolio position.
• Roblox has received favorable analyst ratings, with target prices as high as $171.00 from Bank of America and a consensus target of $126.72.
• Insider sales included 6,000 shares sold by Matthew D. Kaufman at an average price of $136.55, highlighting some trend of insider profit-taking.

WT Asset Management Ltd purchased a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 870,910 shares of the company's stock, valued at approximately $91,620,000. Roblox comprises about 6.4% of WT Asset Management Ltd's portfolio, making the stock its 6th largest position. WT Asset Management Ltd owned about 0.13% of Roblox as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RBLX. ORG Partners LLC bought a new position in Roblox during the second quarter worth $33,000. Fifth Third Bancorp raised 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 buying an additional 298 shares during the last quarter. Larson Financial Group LLC raised its stake in Roblox by 819.0% during the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after buying an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox during the first quarter worth $39,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Roblox by 82.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 688 shares of the company's stock worth $72,000 after buying an additional 310 shares during the last quarter. Institutional investors own 94.46% of the company's stock.

Analysts Set New Price Targets

RBLX has been the subject of a number of analyst reports. Wedbush reissued an "outperform" rating and set a $165.00 target price on shares of Roblox in a research note on Thursday, September 4th. Needham & Company LLC lifted their target price on shares of Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wolfe Research raised shares of Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Friday, August 22nd. Bank of America lifted their target price on shares of Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Finally, Wall Street Zen downgraded shares of Roblox from a "hold" rating to a "sell" rating in a research note on Saturday. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Roblox has an average rating of "Moderate Buy" and a consensus target price of $126.72.

Insider Buying and Selling at Roblox

In other news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $136.55, for a total transaction of $819,300.00. Following the completion of the transaction, the insider directly owned 278,642 shares in the company, valued at $38,048,565.10. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of Roblox stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the transaction, the chief accounting officer owned 46,866 shares of the company's stock, valued at $5,516,596.86. This represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 366,876 shares of company stock valued at $47,386,869 over the last three months. Corporate insiders own 12.92% of the company's stock.

Roblox Trading Down 7.9%

RBLX opened at $122.91 on Friday. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The company has a market cap of $79.28 billion, a P/E ratio of -85.95 and a beta of 1.63. The company has a fifty day moving average price of $128.89 and a two-hundred day moving average price of $98.85.

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 net margin of 23.67% and a negative return on equity of 372.96%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm posted ($0.32) earnings per share. The company's revenue for the quarter was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict 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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