Mitsubishi UFJ Trust & Banking Corp Trims Stock Position in Roblox Corporation $RBLX

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Roblox Corporation (NYSE:RBLX) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 584,411 shares of the company’s stock after selling 22,653 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Roblox were worth $61,480,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RBLX. Nuveen LLC purchased a new stake in Roblox in the first quarter worth about $70,254,000. Fox Run Management L.L.C. grew its stake in shares of Roblox by 56.5% during the 1st quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock valued at $709,000 after acquiring an additional 4,390 shares during the period. Moody Lynn & Lieberson LLC purchased a new stake in Roblox in the 2nd quarter worth approximately $2,779,000. Teacher Retirement System of Texas raised its stake in Roblox by 14.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 81,314 shares of the company’s stock worth $8,554,000 after acquiring an additional 10,325 shares during the period. Finally, Long Corridor Asset Management Ltd purchased a new position in Roblox during the first quarter valued at approximately $4,372,000. 94.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Roblox from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $155.00 to $180.00 in a research note on Friday, October 31st. Jefferies Financial Group increased their price target on Roblox from $126.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, October 14th. BMO Capital Markets boosted their price objective on Roblox from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Benchmark reaffirmed a “hold” rating on shares of Roblox in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Roblox in a research report on Wednesday, October 8th. Twenty analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.41.

Insider Buying and Selling at Roblox

In related news, insider Mark Reinstra sold 2,401 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $104.60, for a total value of $251,144.60. Following the completion of the transaction, the insider owned 387,314 shares of the company’s stock, valued at approximately $40,513,044.40. This trade represents a 0.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of Roblox stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $104.07, for a total value of $6,868,620.00. Following the completion of the transaction, the director owned 266,008 shares of the company’s stock, valued at approximately $27,683,452.56. This represents a 19.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 257,520 shares of company stock worth $31,132,002 in the last ninety days. Company insiders own 12.92% of the company’s stock.

Roblox Price Performance

NYSE:RBLX opened at $104.29 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54. The company has a market capitalization of $68.30 billion, a P/E ratio of -72.93 and a beta of 1.61. Roblox Corporation has a 12 month low of $47.95 and a 12 month high of $150.59. The business’s 50-day moving average is $126.91 and its 200 day moving average is $111.72.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company’s revenue was up 70.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.37) EPS. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast 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.