Allianz Asset Management GmbH Has $23.21 Million Stake in Roblox Corporation $RBLX

Key Points

• Allianz Asset Management GmbH significantly increased its stake in Roblox Corporation by 457.1% during Q2, holding 220,619 shares valued at approximately $23.21 million.
• Insider trading activity included the sale of 6,567 shares by CAO Amy Marie Rawlings, marking a 12.29% decrease in her ownership, alongside other insider sales totaling 366,876 shares in the last quarter.
• Roblox's recent earnings report showed a revenue of $1.44 billion, surpassing analyst expectations, although it reported an EPS of ($0.41), missing the consensus estimate of ($0.37).

Allianz Asset Management GmbH increased its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 457.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,619 shares of the company's stock after purchasing an additional 181,020 shares during the period. Allianz Asset Management GmbH's holdings in Roblox were worth $23,209,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Yousif Capital Management LLC lifted its stake in Roblox by 1.9% in the second quarter. Yousif Capital Management LLC now owns 6,925 shares of the company's stock valued at $729,000 after buying an additional 127 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Roblox by 21.4% in the second quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock valued at $84,000 after purchasing an additional 141 shares in the last quarter. Independent Wealth Network Inc. boosted its position in shares of Roblox by 3.9% during the second quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company's stock worth $409,000 after buying an additional 146 shares during the period. SBI Securities Co. Ltd. raised its position in Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after buying an additional 163 shares during the last quarter. Finally, Allegiance Financial Group Advisory Services LLC lifted its stake in Roblox by 1.9% in the 2nd quarter. Allegiance Financial Group Advisory Services LLC now owns 9,342 shares of the company's stock valued at $983,000 after acquiring an additional 175 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 6,567 shares of Roblox stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $773,001.57. Following the completion of the sale, the chief accounting officer directly owned 46,866 shares of the company's stock, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $135.02, for a total value of $810,120.00. Following the completion of the sale, the insider owned 272,642 shares of the company's stock, valued at $36,812,122.84. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,876 shares of company stock valued at $47,485,929. Insiders own 12.92% of the company's stock.

Roblox Price Performance

NYSE:RBLX opened at $132.81 on Monday. The company has a market cap of $85.67 billion, a P/E ratio of -92.87 and a beta of 1.63. The firm's fifty day moving average price is $129.30 and its two-hundred day moving average price is $104.28. Roblox Corporation has a one year low of $39.30 and a one year 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.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RBLX shares. Barclays lifted their price objective on shares of Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Raymond James Financial reiterated an "outperform" rating and set a $165.00 target price (up previously from $155.00) on shares of Roblox in a report on Tuesday, October 14th. Wedbush reaffirmed an "outperform" rating and set a $165.00 price target on shares of Roblox in a research report on Thursday, September 4th. Canaccord Genuity Group boosted their target price on shares of Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Morgan Stanley set a $170.00 price target on shares of Roblox and gave the company an "overweight" rating in a research note on Monday, October 13th. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $129.22.

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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