Roblox Corporation $RBLX Holdings Raised by Three Bridge Wealth Advisors LLC

Three Bridge Wealth Advisors LLC increased its position in shares of Roblox Corporation (NYSE:RBLX) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,751 shares of the company’s stock after purchasing an additional 461 shares during the quarter. Roblox accounts for 3.5% of Three Bridge Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Three Bridge Wealth Advisors LLC’s holdings in Roblox were worth $13,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RBLX. ORG Partners LLC purchased a new position in shares of Roblox in the second quarter valued at $33,000. Larson Financial Group LLC grew its stake in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after acquiring an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Roblox in the 1st quarter valued at about $39,000. Fifth Third Bancorp grew its stake in Roblox by 124.7% in the 2nd quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock valued at $56,000 after acquiring an additional 298 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Roblox in the 1st quarter valued at about $57,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Price Performance

RBLX stock opened at $122.91 on Friday. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59. The stock’s fifty day simple moving average is $128.89 and its 200-day simple moving average is $99.13. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock has a market capitalization of $79.28 billion, a price-to-earnings ratio of -85.95 and a beta of 1.63.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share 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 last year, the company posted ($0.32) earnings per share. The business’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. Equities research analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on RBLX shares. Piper Sandler upped their price target on shares of Roblox to $180.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. Wolfe Research upgraded Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Friday, August 22nd. Raymond James Financial downgraded Roblox from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Cowen reissued a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Finally, Citigroup increased their price objective on Roblox from $123.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.72.

Insider Transactions at Roblox

In other Roblox news, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the transaction, the insider owned 242,469 shares in the company, valued at $28,541,025.99. This trade represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $136.33, for a total transaction of $8,997,780.00. Following the completion of the transaction, the director owned 270,628 shares in the company, valued at approximately $36,894,715.24. This trade represents a 19.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 366,876 shares of company stock valued at $47,386,869 in the last quarter. Insiders own 12.92% of the company’s stock.

About Roblox

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.