National Pension Service Has $67.62 Million Stock Position in Roblox Corporation $RBLX

National Pension Service increased its stake in Roblox Corporation (NYSE:RBLX) by 34.0% during the second quarter, HoldingsChannel reports. The firm owned 1,243,524 shares of the company’s stock after acquiring an additional 315,244 shares during the period. National Pension Service’s holdings in Roblox were worth $67,623,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RBLX. NorthRock Partners LLC boosted its holdings in shares of Roblox by 13.7% in the second quarter. NorthRock Partners LLC now owns 30,413 shares of the company’s stock worth $1,654,000 after buying an additional 3,660 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Roblox by 18.6% during the second quarter. NewEdge Advisors LLC now owns 16,977 shares of the company’s stock valued at $923,000 after acquiring an additional 2,662 shares during the period. IFP Advisors Inc raised its holdings in shares of Roblox by 25.5% during the second quarter. IFP Advisors Inc now owns 33,527 shares of the company’s stock valued at $1,823,000 after acquiring an additional 6,808 shares during the period. Allworth Financial LP lifted its position in shares of Roblox by 50.9% in the 2nd quarter. Allworth Financial LP now owns 8,994 shares of the company’s stock valued at $489,000 after acquiring an additional 3,032 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Roblox by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 165,232 shares of the company’s stock valued at $8,985,000 after acquiring an additional 3,733 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citigroup lowered their price objective on shares of Roblox from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Piper Sandler restated a “neutral” rating and issued a $47.00 target price (down from $50.00) on shares of Roblox in a report on Friday, July 31st. Raymond James Financial reiterated a “buy” rating on shares of Roblox in a report on Friday. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a research report on Wednesday, June 24th. Finally, Wedbush downgraded Roblox from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $65.00 to $40.00 in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.21.

More Roblox News

Here are the key news stories impacting Roblox this week:

• Positive Sentiment: Expanded distribution could broaden Roblox’s reach. Roblox plans to let creators distribute games as standalone applications across mobile devices, PCs and consoles, as well as beyond the main Roblox app. Easier access could increase game discovery, usage and monetization. Reuters article
• Positive Sentiment: New AI and development tools may strengthen the creator ecosystem. RDC announcements included AI-assisted game-building tools, expanded non-player-character capabilities and other technology intended to help developers create more sophisticated experiences. Greater creator productivity could increase the supply and quality of content on the platform. TechCrunch article
• Positive Sentiment: Creator payments are being made more flexible. Roblox is preparing a dedicated Roblox Wallet and Roblox Card, with a system that would allow eligible creators to receive payments daily. Faster access to earnings could improve creator retention and encourage more development on the platform. Roblox wallet article
• Neutral Sentiment: Trading momentum was modestly favorable. A market recap noted that RBLX outperformed the broader market during the latest session, but the stock remains below its 200-day moving average. Analysts’ consensus rating is Hold, with an average price target of $59.21. Zacks article
• Negative Sentiment: Short interest rose sharply. Short interest increased 68.7% between mid- and late August to 23.4 million shares, representing 3.9% of shares outstanding. This signals growing bearish positioning and could increase volatility.
• Negative Sentiment: Insider selling adds a cautionary signal. Insider Mark Reinstra sold $258,630 of stock under a pre-arranged Rule 10b5-1 plan. Roblox also remains unprofitable, with analysts expecting a full-year loss and its latest revenue falling short of consensus estimates.

Roblox Stock Up 1.6%

Roblox stock opened at $45.61 on Friday. The firm has a market cap of $30.56 billion, a PE ratio of -31.90 and a beta of 1.47. The company has a debt-to-equity ratio of 7.82, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50 day moving average price is $44.37 and its two-hundred day moving average price is $50.18. Roblox Corporation has a twelve month low of $33.88 and a twelve month high of $142.00.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.08. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.60 billion. Roblox had a negative net margin of 17.60% and a negative return on equity of 292.85%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.41) EPS. On average, research analysts predict that Roblox Corporation will post -1.39 EPS for the current fiscal year.

Roblox declared that its board has approved a share repurchase program on Tuesday, May 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 9.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Matthew Kaufman sold 14,904 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $37.96, for a total transaction of $565,755.84. Following the completion of the sale, the insider directly owned 335,060 shares in the company, valued at approximately $12,718,877.60. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO David Baszucki sold 52,568 shares of Roblox stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $37.96, for a total value of $1,995,481.28. Following the sale, the chief executive officer directly owned 799,646 shares of the company’s stock, valued at approximately $30,354,562.16. The trade was a 6.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 185,236 shares of company stock valued at $7,538,642 in the last three months. Company insiders own 10.05% of the company’s stock.

Roblox Company Profile

Roblox Corporation develops and operates Roblox, an online platform where users can create, share and play interactive experiences. The platform supports a broad range of user-generated content, including games, social spaces, educational activities and entertainment experiences, and is accessible across computers, mobile devices, consoles and other supported platforms.

Roblox provides development tools through Roblox Studio, while its virtual economy uses Robux, a digital currency that users can purchase and spend on virtual items, avatar customization and other platform content.