Sumitomo Mitsui Trust Group Inc. reduced its Roblox Corp. holdings by 45.9% in the third quarter, as reported on November 3, 2026. The trust sold approximately 2.13 million shares. It retains over 2.5 million shares. These remaining shares are valued at around $106.4 million.
Roblox's recent third-quarter earnings report prompted analyst rating and price target adjustments. B. Riley and Wolfe Research issued upgrades or maintained 'buy' ratings. Conversely, DA Davidson and JPMorgan issued 'neutral' ratings. These firms also lowered their price targets.