Hancock Whitney Corp Takes Position in Roblox Corporation $RBLX

Key Points

• Hancock Whitney Corp has acquired 4,713 shares of Roblox Corporation (NYSE:RBLX), valued at approximately $275,000, as revealed in its recent SEC filing.
• Roblox has seen multiple institutional investors increase their stakes, with ownership by such investors currently at 94.46% of the company's stock.
• Analysts have a consensus rating of "Moderate Buy" for Roblox, with a target price of $119.00 and various firms issuing price upgrades for the stock following recent performance.

Hancock Whitney Corp bought a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,713 shares of the company's stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RBLX. Gordian Capital Singapore Pte Ltd increased its holdings in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after buying an additional 240 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after buying an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Roblox in the first quarter valued at $39,000. Headlands Technologies LLC bought a new position in shares of Roblox in the first quarter valued at $57,000. Finally, TD Private Client Wealth LLC bought a new position in shares of Roblox in the first quarter valued at $58,000. Institutional investors own 94.46% of the company's stock.

Roblox Price Performance

Shares of RBLX traded up $0.46 during mid-day trading on Friday, hitting $133.42. 5,238,408 shares of the company traded hands, compared to its average volume of 8,864,180. Roblox Corporation has a one year low of $37.50 and a one year high of $150.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The business has a 50-day moving average of $122.89 and a 200 day moving average of $91.19. The stock has a market capitalization of $86.06 billion, a price-to-earnings ratio of -93.30 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company's quarterly revenue was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BTIG Research lifted their price objective on shares of Roblox from $159.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Roblox from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Benchmark lifted their price objective on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Oppenheimer reaffirmed an "outperform" rating and issued a $125.00 price objective (up previously from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Finally, Citigroup lifted their price objective on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $123.16.

Insider Transactions at Roblox

In other news, CEO David Baszucki sold 875 shares of Roblox stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $26,808,756.48. This trade represents a 0.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the sale, the insider directly owned 242,469 shares of the company's stock, valued at $28,541,025.99. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,993,861 shares of company stock worth $210,622,673. 12.92% of the stock is owned by insiders.

Roblox Company 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.