Roblox Corporation $RBLX Stake Lifted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its stake in Roblox Corporation (NYSE:RBLX) by 134.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 8,933 shares of the company’s stock after acquiring an additional 5,119 shares during the period. Chicago Partners Investment Group LLC’s holdings in Roblox were worth $940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RBLX. ORG Partners LLC acquired a new stake in Roblox during the second quarter valued at approximately $33,000. Generali Asset Management SPA SGR acquired a new stake in Roblox during the second quarter valued at approximately $40,000. Kiker Wealth Management LLC lifted its stake in Roblox by 2,646.7% during the second quarter. Kiker Wealth Management LLC now owns 412 shares of the company’s stock valued at $43,000 after purchasing an additional 397 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of 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 in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Roblox by 60.5% in the 2nd quarter. Harbour Investments Inc. now owns 549 shares of the company’s stock valued at $58,000 after acquiring an additional 207 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Activity

In other Roblox news, CAO Amy Marie Rawlings sold 6,567 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the sale, the chief accounting officer owned 46,866 shares in the company, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 366,876 shares of company stock valued at $47,485,929. Company insiders own 12.92% of the company’s stock.

Roblox Stock Performance

NYSE:RBLX opened at $133.18 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 1 year low of $40.57 and a 1 year high of $150.59. The firm’s fifty day simple moving average is $129.46 and its 200 day simple moving average is $105.05. The firm has a market capitalization of $85.91 billion, a PE ratio of -93.13 and a beta of 1.63.

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

Analysts Set New Price Targets

Several brokerages recently commented on RBLX. JPMorgan Chase & Co. upped their price target on shares of Roblox from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Roth Capital restated a “neutral” rating and issued a $146.00 price target on shares of Roblox in a research report on Friday. Citigroup upped their price target on shares of Roblox from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. BTIG Research increased their target price on shares of Roblox from $173.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, BMO Capital Markets increased their target price on shares of Roblox from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Roblox presently has a consensus rating of “Moderate Buy” and an average price target of $129.22.

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.