Alliancebernstein L.P. Acquires 123,193 Shares of Roblox Corporation $RBLX

Key Points

• Alliancebernstein L.P. increased its ownership of Roblox Corporation by 38.8% during Q1, acquiring an additional 123,193 shares and owning a total of 440,986 shares valued at approximately $25.7 million.
• Roblox's stock opened at $131.75 and has shown significant growth with a market cap of $84.98 billion, despite a quarterly loss of ($0.41) per share that missed analyst estimates.
• Several brokerages have upgraded their ratings for Roblox, with Canaccord Genuity raising the price target from $125.00 to $160.00 and maintaining a "buy" rating.

Alliancebernstein L.P. boosted its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 38.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 440,986 shares of the company's stock after purchasing an additional 123,193 shares during the period. Alliancebernstein L.P. owned approximately 0.07% of Roblox worth $25,705,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in Roblox by 1.2% in the first quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after purchasing an additional 163 shares during the last quarter. Commerce Bank raised its holdings in Roblox by 2.7% during the 1st quarter. Commerce Bank now owns 7,257 shares of the company's stock valued at $423,000 after buying an additional 191 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Roblox by 6.1% during the 1st quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company's stock valued at $194,000 after buying an additional 192 shares during the last quarter. Ballentine Partners LLC boosted its position in Roblox by 0.3% during the 1st quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock valued at $4,518,000 after buying an additional 198 shares during the period. Finally, Signaturefd LLC grew its holdings in Roblox by 3.8% in the 1st quarter. Signaturefd LLC now owns 6,153 shares of the company's stock worth $359,000 after acquiring an additional 225 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Stock Up 2.6%

Shares of NYSE:RBLX opened at $131.75 on Wednesday. The firm has a market capitalization of $84.98 billion, a P/E ratio of -92.13 and a beta of 1.62. 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 stock has a 50 day moving average price of $121.09 and a 200-day moving average price of $89.67. Roblox Corporation has a 52-week low of $37.50 and a 52-week high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly 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 firm had revenue of $1.44 billion during 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%.Roblox's revenue for the quarter was up 50.5% on a year-over-year basis. During the same period in the previous 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 research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on RBLX. Arete raised shares of Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective for the company in a research note on Tuesday. Canaccord Genuity Group upped their price target on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wells Fargo & Company increased their price objective on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Morgan Stanley boosted their target price on Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Citigroup upped their target price on Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.16.

Insider Transactions at Roblox

In other Roblox news, Director Anthony P. Lee sold 66,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $122.74, for a total value of $8,100,840.00. Following the sale, the director owned 275,248 shares in the company, valued at approximately $33,783,939.52. This represents a 19.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amy Marie Rawlings sold 6,567 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the transaction, the chief accounting officer directly owned 46,866 shares of the company's stock, valued at $5,516,596.86. This represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Over 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.

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