Fortis Capital Advisors LLC Takes $728,000 Position in Roblox Corporation $RBLX

Fortis Capital Advisors LLC acquired a new stake in Roblox Corporation (NYSE:RBLX) during the first quarter, Holdings Channel.com reports. The firm acquired 12,495 shares of the company’s stock, valued at approximately $728,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Focus Partners Wealth lifted its stake in shares of Roblox by 88.9% in the 1st quarter. Focus Partners Wealth now owns 35,547 shares of the company’s stock valued at $2,072,000 after purchasing an additional 16,725 shares during the period. SCS Capital Management LLC acquired a new position in shares of Roblox in the 1st quarter valued at about $679,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Roblox by 4.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,171,597 shares of the company’s stock valued at $126,582,000 after purchasing an additional 86,992 shares during the period. Empowered Funds LLC lifted its stake in shares of Roblox by 1,007.5% in the 1st quarter. Empowered Funds LLC now owns 108,813 shares of the company’s stock valued at $6,343,000 after purchasing an additional 98,988 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new position in shares of Roblox in the 1st quarter valued at about $215,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RBLX shares. Cowen reissued a “sell” rating on shares of Roblox in a research note on Monday, August 18th. Morgan Stanley upped their price target on Roblox from $76.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Oppenheimer reaffirmed an “outperform” rating and set a $125.00 price target (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Canaccord Genuity Group upped their price target on Roblox from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Barclays upped their price target on Roblox from $62.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Roblox currently has an average rating of “Moderate Buy” and an average target price of $123.16.

Roblox Stock Performance

Shares of RBLX opened at $132.88 on Thursday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50 day moving average price of $121.71 and a two-hundred day moving average price of $89.97. The firm has a market capitalization of $85.71 billion, a P/E ratio of -92.92 and a beta of 1.62. Roblox Corporation has a 52 week low of $37.50 and a 52 week high of $150.59.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) 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 return on equity of 372.96% and a negative net margin of 23.67%.The business’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Insider Activity

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $122.74, for a total transaction of $8,100,840.00. Following the completion of the sale, the director directly owned 275,248 shares of the company’s stock, valued at approximately $33,783,939.52. The trade was a 19.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer directly 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. In the last three months, insiders sold 1,993,861 shares of company stock worth $210,622,673. Company insiders own 12.92% of the company’s stock.

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.