International Assets Investment Management LLC Purchases Shares of 1,943 Roblox Corporation $RBLX

International Assets Investment Management LLC purchased a new stake in shares of Roblox Corporation (NYSE:RBLX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,943 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in shares of Roblox in the second quarter worth $33,000. Generali Asset Management SPA SGR acquired a new stake in shares of Roblox in the second quarter worth $40,000. Kiker Wealth Management LLC grew its stake in shares of Roblox by 2,646.7% in the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock worth $43,000 after acquiring an additional 397 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Roblox by 124.7% in the second quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock worth $56,000 after acquiring an additional 298 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Roblox by 60.5% in the second quarter. Harbour Investments Inc. now owns 549 shares of the company’s stock worth $58,000 after acquiring an additional 207 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

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 transaction of $773,001.57. Following the completion of the transaction, the chief accounting officer directly owned 46,866 shares of the company’s stock, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony P. Lee sold 111,112 shares of the firm’s stock in a transaction 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 sold a total of 366,876 shares of company stock valued at $47,485,929 in the last ninety days. Insiders own 12.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RBLX. Wells Fargo & Company raised 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 raised 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. Cowen reaffirmed a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Morgan Stanley set a $170.00 target price on Roblox and gave the stock an “overweight” rating in a research report on Monday, October 13th. Finally, Arete raised Roblox from a “sell” rating to a “neutral” rating and set a $116.00 target price for the company in a research report on Tuesday, September 9th. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Roblox currently has a consensus rating of “Moderate Buy” and an average price target of $129.22.

Roblox Stock Up 1.1%

Shares of NYSE RBLX opened at $129.37 on Friday. The stock has a market cap of $83.45 billion, a PE ratio of -90.47 and a beta of 1.63. The business has a fifty day moving average of $129.56 and a two-hundred day moving average of $105.74. Roblox Corporation has a 52-week low of $41.17 and a 52-week high of $150.59. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm’s revenue was up 50.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

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.