Wealthcare Advisory Partners LLC Acquires Shares of 2,920 Roblox Corporation $RBLX

Wealthcare Advisory Partners LLC acquired a new stake in Roblox Corporation (NYSE:RBLX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,920 shares of the company’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in shares of Roblox during the 2nd quarter worth $33,000. Larson Financial Group LLC lifted its holdings in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock worth $34,000 after buying an additional 516 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Roblox by 124.7% during the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock worth $56,000 after buying an additional 298 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Roblox in the 1st quarter valued at $57,000. Finally, TD Private Client Wealth LLC acquired a new stake in shares of Roblox in the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Needham & Company LLC increased their target price on shares of Roblox from $79.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Roblox from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. BTIG Research raised their price objective on shares of Roblox from $159.00 to $173.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Wolfe Research upgraded shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research note on Friday, August 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Roblox from $153.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average price target of $126.84.

Insider Activity

In related news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total transaction of $810,120.00. Following the sale, the insider owned 272,642 shares of the company’s stock, valued at $36,812,122.84. The trade was a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Baszucki sold 875 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total transaction of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares in the company, valued at $26,808,756.48. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 372,876 shares of company stock worth $48,196,989 over the last three months. 12.92% of the stock is currently owned by corporate insiders.

Roblox Price Performance

RBLX opened at $126.77 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 52-week low of $39.30 and a 52-week high of $150.59. The company has a 50 day moving average of $128.96 and a two-hundred day moving average of $101.12. The company has a market cap of $81.77 billion, a P/E ratio of -88.65 and a beta of 1.63.

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