Evelyn Partners Investment Management Europe Ltd Boosts Stake in Roblox Corporation $RBLX

Evelyn Partners Investment Management Europe Ltd increased its holdings in shares of Roblox Corporation (NYSE:RBLX) by 1,215.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock after purchasing an additional 924 shares during the quarter. Evelyn Partners Investment Management Europe Ltd’s holdings in Roblox were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Nuveen LLC purchased a new position in Roblox during the first quarter valued at approximately $70,254,000. Fox Run Management L.L.C. raised its position 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 purchasing an additional 4,390 shares during the period. Vanguard Group Inc. lifted its stake in shares of Roblox by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after buying an additional 1,513,608 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in Roblox in the 2nd quarter worth $120,041,000. Finally, Moody Lynn & Lieberson LLC purchased a new stake in Roblox in the 2nd quarter worth $2,779,000. 94.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 66,896 shares of the company’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 transaction of $6,992,638.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $122.74, for a total value of $8,100,840.00. Following the completion of the sale, the director directly owned 275,248 shares of the company’s stock, valued at $33,783,939.52. The trade was a 19.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 297,297 shares of company stock worth $34,932,463 in the last 90 days. 12.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RBLX shares. The Goldman Sachs Group upgraded Roblox from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $155.00 to $180.00 in a research report on Friday, October 31st. Arete Research set a $116.00 price target on Roblox in a research note on Tuesday, September 9th. Wolfe Research upgraded shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Friday, August 22nd. Benchmark restated a “hold” rating on shares of Roblox in a research report on Friday, October 31st. Finally, Canaccord Genuity Group set a $160.00 target price on shares of Roblox in a research note on Thursday, October 30th. 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 company’s stock. According to data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $136.41.

Roblox Trading Down 2.7%

RBLX stock opened at $89.23 on Friday. The firm has a fifty day moving average price of $122.26 and a 200 day moving average price of $112.82. Roblox Corporation has a fifty-two week low of $47.95 and a fifty-two week high of $150.59. The firm has a market cap of $58.43 billion, a PE ratio of -62.40 and a beta of 1.61. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned ($0.37) earnings per share. Roblox’s quarterly 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. Sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

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.