Empower Advisory Group LLC Invests $265,000 in Roblox Corporation $RBLX

Empower Advisory Group LLC bought a new stake in Roblox Corporation (NYSE:RBLX) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,519 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RBLX. AQR Capital Management LLC increased its position in Roblox by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after acquiring an additional 6,007,322 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Roblox by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after buying an additional 4,400,624 shares in the last quarter. Ieq Capital LLC boosted its position in Roblox by 13.8% in the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after buying an additional 2,297,350 shares during the last quarter. Amundi increased its stake in shares of Roblox by 55.5% in the 1st quarter. Amundi now owns 4,960,806 shares of the company’s stock valued at $288,818,000 after buying an additional 1,769,669 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Roblox by 47.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock worth $503,718,000 after acquiring an additional 1,531,380 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In related news, CEO David Baszucki sold 66,896 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $104.53, for a total value of $6,992,638.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $136.55, for a total value of $819,300.00. Following the sale, the insider directly owned 278,642 shares of the company’s stock, valued at approximately $38,048,565.10. The trade was a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 324,416 shares of company stock worth $38,124,641 over the last three months. Company insiders own 12.92% of the company’s stock.

Roblox Price Performance

Shares of RBLX stock opened at $101.35 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54. Roblox Corporation has a 12-month low of $47.95 and a 12-month high of $150.59. The firm has a fifty day moving average of $125.28 and a 200-day moving average of $112.76. The firm has a market capitalization of $66.37 billion, a price-to-earnings ratio of -70.87 and a beta of 1.61.

Roblox (NYSE:RBLX) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.64 billion. During the same quarter last year, the business posted ($0.37) EPS. The firm’s revenue was up 70.3% compared to the same quarter last year. 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 year.

Analysts Set New Price Targets

RBLX has been the topic of several recent research reports. Wedbush reiterated an “outperform” rating and issued a $165.00 price target on shares of Roblox in a report on Thursday, September 4th. Raymond James Financial restated 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. Morgan Stanley set a $170.00 price target on shares of Roblox and gave the stock an “overweight” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. dropped their price target on shares of Roblox from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Cowen reaffirmed a “sell” rating on shares of Roblox in a research note on Monday, August 18th. Twenty analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $136.41.

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.