Alyeska Investment Group L.P. Invests $61.70 Million in Roblox Corporation $RBLX

Key Points

• Alyeska Investment Group L.P. acquired 1,058,549 shares of Roblox Corporation, valued at approximately $61.7 million, representing about 0.17% ownership as of their recent SEC filing.
• Vanguard Group Inc. also increased its stake in Roblox by 8.3%, now owning over 57.6 million shares worth approximately $3.36 billion, alongside other institutional investors making significant investments in the company.
• Roblox's latest earnings report showed a quarterly revenue of $1.44 billion, exceeding analyst expectations, although the company reported a loss of ($0.41) earnings per share, missing estimates by ($0.04).

Alyeska Investment Group L.P. purchased a new position in Roblox Corporation (NYSE:RBLX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,058,549 shares of the company's stock, valued at approximately $61,703,000. Alyeska Investment Group L.P. owned approximately 0.17% of Roblox at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after buying an additional 4,400,624 shares in the last quarter. Ieq Capital LLC grew its stake in Roblox by 13.8% in the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after buying an additional 2,297,350 shares in the last quarter. Two Sigma Advisers LP grew its stake in Roblox by 23.7% in the 4th quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company's stock worth $419,867,000 after buying an additional 1,391,800 shares in the last quarter. Amundi boosted its stake in shares of Roblox by 55.5% in the 1st quarter. Amundi now owns 4,960,806 shares of the company's stock valued at $288,818,000 after purchasing an additional 1,769,669 shares in the last quarter. Finally, Whale Rock Capital Management LLC boosted its stake in shares of Roblox by 95.8% in the 4th quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock valued at $275,137,000 after purchasing an additional 2,326,588 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Trading Down 1.6%

NYSE RBLX traded down $2.01 during trading on Friday, hitting $127.78. The company had a trading volume of 6,940,123 shares, compared to its average volume of 8,730,606. 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 one year low of $37.50 and a one year high of $150.59. The company's fifty day moving average is $120.00 and its 200-day moving average is $88.56.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted ($0.32) earnings per share. The firm's revenue for the quarter 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 research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Insiders Place Their Bets

In other Roblox news, CEO David Baszucki sold 454,963 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $100.61, for a total value of $45,773,827.43. Following the completion of the transaction, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $21,284,950.99. This represents a 68.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 150,000 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $99.75, for a total transaction of $14,962,500.00. Following the completion of the transaction, the insider owned 389,489 shares of the company's stock, valued at $38,851,527.75. This trade represents a 27.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,047,908 shares of company stock worth $215,580,184. 12.92% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RBLX. Wedbush reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of Roblox in a research note on Thursday. BMO Capital Markets upped their price objective on shares of Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Citigroup upped their price target on shares of Roblox from $123.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Cowen reiterated a "sell" rating on shares of Roblox in a report on Monday, August 18th. Finally, Piper Sandler upped their price target on shares of Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Twenty investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and an average target price of $119.00.

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.