Roblox Corporation $RBLX Holdings Cut by Westpac Banking Corp

Westpac Banking Corp decreased its position in Roblox Corporation (NYSE:RBLX) by 73.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,078 shares of the company’s stock after selling 19,611 shares during the period. Westpac Banking Corp’s holdings in Roblox were worth $400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Reyes Financial Architecture Inc. grew its holdings in shares of Roblox by 164.4% during the 4th quarter. Reyes Financial Architecture Inc. now owns 312 shares of the company’s stock valued at $25,000 after acquiring an additional 194 shares in the last quarter. Hanson & Doremus Investment Management acquired a new stake in shares of Roblox during the 1st quarter valued at about $25,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Roblox during the 4th quarter valued at about $27,000. GW&K Investment Management LLC grew its stake in shares of Roblox by 76.3% in the 4th quarter. GW&K Investment Management LLC now owns 372 shares of the company’s stock valued at $30,000 after buying an additional 161 shares in the last quarter. Finally, Indiana Trust & Investment Management Co bought a new stake in shares of Roblox in the 4th quarter valued at approximately $32,000. 94.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Roblox news, Director Gregory Baszucki sold 16,666 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $57.69, for a total value of $961,461.54. Following the sale, the director directly owned 1,277,835 shares in the company, valued at $73,718,301.15. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sean Jack Buckley sold 4,744 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.36, for a total value of $219,931.84. Following the transaction, the insider owned 97,141 shares in the company, valued at $4,503,456.76. This represents a 4.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 161,983 shares of company stock valued at $7,580,990 in the last 90 days. 10.05% of the stock is currently owned by corporate insiders.

Roblox Trading Down 4.2%

Shares of NYSE:RBLX opened at $47.57 on Friday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50-day moving average is $49.17 and its 200-day moving average is $58.04. The company has a market cap of $31.95 billion, a P/E ratio of -30.11 and a beta of 1.41. Roblox Corporation has a 52-week low of $40.15 and a 52-week high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.06. Roblox had a negative return on equity of 277.69% and a negative net margin of 20.69%.The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the firm earned ($0.32) EPS. The firm’s revenue was up 43.4% compared to the same quarter last year. Equities research analysts predict that Roblox Corporation will post -1.39 earnings per share for the current year.

Roblox declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 19th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to purchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Roblox News Summary

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Barclays reiterated its Hold rating on Roblox, which may help limit downside by signaling the stock still has some analyst support. Article: Barclays Sticks to Its Hold Rating for Roblox (RBLX)
• Neutral Sentiment: Roblox continues to attract attention around its new Build AI-powered creation tool, which could improve long-term user engagement and creation activity, but the impact on near-term earnings remains uncertain. Article: Roblox (RBLX) Unveiled Build, Is The Stock Fully Priced?
• Neutral Sentiment: The company is also expected to report earnings soon, keeping investors focused on upcoming fundamentals rather than just litigation headlines. Article: Roblox (RBLX) to Release Earnings on Thursday
• Negative Sentiment: Several law firms, including Rosen, Bernstein Liebhard, Pomerantz, Hagens Berman, Faruqi & Faruqi, and Robbins Geller, issued investor alerts tied to an expanded securities class action, reinforcing legal overhang on the stock. Article: RBLX DEADLINE NOTICE: ROSEN, SKILLED INVESTOR COUNSEL…
• Negative Sentiment: The class period in the lawsuit was expanded to cover a longer stretch of trading, which can broaden the pool of potential claimants and intensify investor concern. Article: RBLX INVESTOR ALERT: Roblox Corporation (RBLX) Investors with Substantial Losses…

Analysts Set New Price Targets

Several brokerages recently weighed in on RBLX. Arete Research set a $95.00 price objective on shares of Roblox and gave the company a “buy” rating in a research report on Monday, June 29th. Canaccord Genuity Group cut their price target on shares of Roblox from $140.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, May 1st. The Goldman Sachs Group reduced their price objective on shares of Roblox from $125.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Jefferies Financial Group cut shares of Roblox from a “hold” rating to a “hold” rating in a report on Friday, May 1st. Finally, Wolfe Research started coverage on shares of Roblox in a research report on Friday, May 1st. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.85.

Roblox Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.