111 Capital Acquires New Position in Roblox Corporation $RBLX

Key Points

• 111 Capital acquired a new stake in Roblox Corporation, purchasing 13,439 shares valued at approximately $1.4 million during Q2.
• Roblox's stock has seen significant institutional interest, with AQR Capital Management increasing its holdings by 217.4% in Q1, owning over 8.7 million shares valued at $504.4 million.
• Despite positive revenue growth of 50.5% year-over-year, Roblox reported a quarterly loss, missing earnings expectations with EPS of ($0.41).

111 Capital acquired a new stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,439 shares of the company's stock, valued at approximately $1,414,000.

Several other institutional investors and hedge funds have also modified their holdings of RBLX. AQR Capital Management LLC grew its holdings in shares of Roblox by 217.4% during 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. grew its stake in Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock valued at $3,359,854,000 after purchasing an additional 4,400,624 shares in the last quarter. Ninety One UK Ltd purchased a new position in Roblox in the first quarter valued at about $137,379,000. Ieq Capital LLC grew its stake in Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock valued at $1,101,097,000 after purchasing an additional 2,297,350 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Roblox by 210.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock valued at $189,840,000 after purchasing an additional 2,207,897 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RBLX shares. Morgan Stanley boosted their price target on Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen downgraded shares of Roblox from a "hold" rating to a "sell" rating in a research report on Saturday. Raymond James Financial downgraded shares of Roblox from a "strong-buy" rating to an "outperform" rating and boosted their target price for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Wedbush reiterated an "outperform" rating and issued a $165.00 price objective on shares of Roblox in a report on Thursday, September 4th. Finally, Bank of America upped their price target on Roblox from $159.00 to $171.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $126.72.

Roblox Stock Down 7.9%

NYSE RBLX opened at $122.91 on Friday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a 50-day simple moving average of $128.89 and a 200 day simple moving average of $98.85. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The stock has a market cap of $79.28 billion, a PE ratio of -85.95 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm's quarterly revenue was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In other news, Director Anthony P. Lee sold 111,112 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $131.01, for a total transaction of $14,556,783.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $773,001.57. Following the transaction, the chief accounting officer owned 46,866 shares of the company's stock, valued at approximately $5,516,596.86. This represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 366,876 shares of company stock valued at $47,386,869 over the last quarter. 12.92% of the stock is currently owned by insiders.

Roblox 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.

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