National Pension Service Buys 860,693 Shares of Roblox Corporation $RBLX

National Pension Service raised its stake in Roblox Corporation (NYSE:RBLX) by 119.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,582,724 shares of the company’s stock after purchasing an additional 860,693 shares during the quarter. National Pension Service owned 0.25% of Roblox worth $166,503,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of Roblox during the second quarter worth about $33,000. Larson Financial Group LLC increased its position in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after purchasing an additional 516 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Roblox during the second quarter valued at about $34,000. Generali Asset Management SPA SGR bought a new position in Roblox in the second quarter worth about $40,000. Finally, Kiker Wealth Management LLC boosted its position in Roblox by 2,646.7% during the 2nd quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after acquiring an additional 397 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roblox

In related news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $136.55, for a total transaction of $819,300.00. Following the sale, the insider owned 278,642 shares in the company, valued at approximately $38,048,565.10. This represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $104.07, for a total value of $6,868,620.00. Following the completion of the sale, the director owned 266,008 shares of the company’s stock, valued at $27,683,452.56. The trade was a 19.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 257,520 shares of company stock valued at $31,132,002. Corporate insiders own 12.92% of the company’s stock.

Wall Street Analyst Weigh In

RBLX has been the topic of several research reports. Canaccord Genuity Group set a $160.00 price target on Roblox in a research report on Thursday, October 30th. Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Citigroup upped their price target on Roblox from $152.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wedbush restated an “outperform” rating and set a $165.00 price target on shares of Roblox in a report on Thursday, September 4th. Finally, Wolfe Research upgraded shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research note on Friday, August 22nd. Twenty research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.41.

Roblox Price Performance

Shares of NYSE:RBLX opened at $104.29 on Thursday. The firm’s 50 day moving average price is $126.91 and its 200-day moving average price is $111.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. The stock has a market capitalization of $68.30 billion, a PE ratio of -72.93 and a beta of 1.61. Roblox Corporation has a twelve month low of $47.95 and a twelve month high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company posted ($0.37) EPS. The company’s revenue was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current 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.