Abacus FCF Advisors LLC Buys 150,194 Shares of Roblox Corporation $RBLX

Key Points

• Abacus FCF Advisors LLC significantly increased its stake in Roblox Corporation, acquiring an additional 150,194 shares which boosted its total holdings by 417.5% in the second quarter.
• Roblox currently has a market capitalization of $87.23 billion and is experiencing strong interest from institutional investors, with 94.46% of its stock owned by such entities.
• Roblox's stock has received varying ratings from analysts, with a consensus of 20 buy ratings, indicating a general optimism towards the stock's future performance.

Abacus FCF Advisors LLC grew its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 417.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 186,172 shares of the company's stock after acquiring an additional 150,194 shares during the quarter. Roblox comprises 2.7% of Abacus FCF Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Abacus FCF Advisors LLC's holdings in Roblox were worth $19,585,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RBLX. Wolfe Research upgraded Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research note on Friday, August 22nd. Wells Fargo & Company increased their price objective on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Needham & Company LLC increased their price objective on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. BTIG Research increased their price objective on Roblox from $159.00 to $173.00 and gave the stock a "buy" rating in a research report on Tuesday, September 9th. Finally, Cowen reaffirmed a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.56.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 192,617 shares of Roblox stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $105.13, for a total value of $20,249,825.21. Following the transaction, the chief executive officer owned 211,559 shares in the company, valued at approximately $22,241,197.67. This trade represents a 47.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 822,938 shares of company stock worth $92,998,426. 12.92% of the stock is owned by insiders.

Roblox Trading Up 1.3%

Shares of NYSE:RBLX traded up $1.70 during midday trading on Monday, reaching $136.88. The company's stock had a trading volume of 6,620,503 shares, compared to its average volume of 8,753,496. The firm has a market cap of $88.29 billion, a price-to-earnings ratio of -95.72 and a beta of 1.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. Roblox Corporation has a 1 year low of $37.50 and a 1 year high of $150.59. The business has a 50 day moving average price of $125.89 and a 200 day moving average price of $93.99.

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

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.