1832 Asset Management L.P. Increases Stock Position in Roblox Corporation $RBLX

Key Points

• 1832 Asset Management L.P. significantly increased its stake in Roblox Corporation, acquiring 306,540 shares during the first quarter, raising its ownership by 344.6% to approximately 395,500 shares valued at $23 million.
• Wall Street analysts have a positive outlook on Roblox, with 20 analysts giving a Buy rating and price targets ranging from $119 to $150 following recent upgrades.
• Roblox's recent financial results showed a revenue increase of 50.5% year-over-year, despite reporting a net loss of $0.41 per share for the last quarter.

1832 Asset Management L.P. grew its position in Roblox Corporation (NYSE:RBLX - Free Report) by 344.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 395,500 shares of the company's stock after buying an additional 306,540 shares during the quarter. 1832 Asset Management L.P. owned 0.06% of Roblox worth $23,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RBLX. NewEdge Advisors LLC increased its stake in Roblox by 8.5% during the fourth quarter. NewEdge Advisors LLC now owns 10,005 shares of the company's stock worth $579,000 after purchasing an additional 781 shares during the period. Dimensional Fund Advisors LP increased its stake in Roblox by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 620,983 shares of the company's stock worth $35,933,000 after buying an additional 36,828 shares during the period. MetLife Investment Management LLC boosted its position in Roblox by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock valued at $1,873,000 after buying an additional 161 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Roblox by 24.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,363,982 shares of the company's stock worth $252,501,000 after acquiring an additional 871,027 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in shares of Roblox by 18.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 7,588 shares of the company's stock worth $439,000 after acquiring an additional 1,186 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Performance

Shares of RBLX traded up $4.20 during midday trading on Thursday, reaching $126.90. 6,219,436 shares of the stock were exchanged, compared to its average volume of 8,862,535. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $81.85 billion, a price-to-earnings ratio of -88.74 and a beta of 1.63. The business's 50-day moving average price is $116.62 and its 200 day moving average price is $85.56.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Macquarie lifted their target price on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Citigroup lifted their price objective on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. BMO Capital Markets boosted their price objective on Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Raymond James Financial cut shares of Roblox from a "strong-buy" rating to an "outperform" rating and raised their target price for the company from $81.00 to $130.00 in a report on Wednesday, July 23rd. Finally, Roth Mkm boosted their price target on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Twenty research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $119.00.

Insider Buying and Selling

In other news, CEO David Baszucki sold 687,500 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $87.97, for a total value of $60,479,375.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $18,610,845.23. This represents a 76.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 4,935,047 shares of company stock valued at $478,661,185 in the last quarter. Insiders own 12.92% of the company's stock.

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.