RWA Wealth Partners LLC Cuts Stock Holdings in Roblox Corporation $RBLX

RWA Wealth Partners LLC lessened its holdings in Roblox Corporation (NYSE:RBLX) by 16.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,777 shares of the company’s stock after selling 1,118 shares during the quarter. RWA Wealth Partners LLC’s holdings in Roblox were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in shares of Roblox in the second quarter valued at about $34,000. ORG Partners LLC purchased a new stake in shares of Roblox in the 2nd quarter worth about $33,000. Generali Asset Management SPA SGR purchased a new position in Roblox during the second quarter worth $40,000. Kiker Wealth Management LLC increased 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 worth $43,000 after purchasing an additional 397 shares in the last quarter. Finally, SouthState Corp grew its holdings in shares of Roblox by 232.1% during the second quarter. SouthState Corp now owns 435 shares of the company’s stock worth $46,000 after buying an additional 304 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Roblox from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Arete upgraded Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price target for the company in a report on Tuesday, September 9th. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 target price (up from $155.00) on shares of Roblox in a research report on Tuesday, October 14th. Wells Fargo & Company reduced their price objective on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, Arete Research set a $116.00 price objective on Roblox in a research note on Tuesday, September 9th. Twenty investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.41.

Insider Activity at Roblox

In other news, insider Mark Reinstra sold 2,401 shares of Roblox stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $104.60, for a total value of $251,144.60. Following the transaction, the insider owned 387,314 shares of the company’s stock, valued at $40,513,044.40. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $104.07, for a total transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 251,520 shares of company stock valued at $30,523,122. 12.92% of the stock is owned by company insiders.

Roblox Price Performance

NYSE RBLX opened at $107.09 on Monday. Roblox Corporation has a fifty-two week low of $47.95 and a fifty-two week high of $150.59. The stock’s 50-day moving average is $128.35 and its two-hundred day moving average is $111.23. The firm has a market cap of $70.13 billion, a P/E ratio of -74.89 and a beta of 1.61. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm posted ($0.37) EPS. The firm’s revenue for the quarter was up 70.3% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal 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.