Amundi Increases Holdings in Roblox Corporation $RBLX

Key Points

• Amundi Investments increased its stake in Roblox Corporation by 55.5%, acquiring an additional 1,769,669 shares, bringing their total ownership to approximately 4,960,806 shares valued at $288.8 million.
• Roblox's recent quarterly earnings revealed a loss of ($0.41) EPS, missing analysts’ expectations, although revenue increased by 50.5% year-over-year to $1.44 billion.
• Insiders have been selling off shares, with over 2.8 million shares sold in the last 90 days, indicating a significant decrease in their holdings.

Amundi grew its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 55.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,960,806 shares of the company's stock after acquiring an additional 1,769,669 shares during the period. Amundi owned about 0.79% of Roblox worth $288,818,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in RBLX. Vanguard Group Inc. lifted its position in shares of Roblox by 8.3% in the first 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 in the last quarter. Durable Capital Partners LP bought a new stake in shares of Roblox in the fourth quarter worth about $246,560,000. Ninety One UK Ltd bought a new stake in shares of Roblox in the first quarter worth about $137,379,000. Whale Rock Capital Management LLC increased its holdings in shares of Roblox by 95.8% in the fourth quarter. Whale Rock Capital Management LLC now owns 4,755,213 shares of the company's stock worth $275,137,000 after purchasing an additional 2,326,588 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in shares of Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after purchasing an additional 2,297,350 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Roblox Trading Down 1.6%

Shares of NYSE:RBLX traded down $2.01 during trading hours on Friday, hitting $127.78. 6,940,123 shares of the company's stock traded hands, compared to its average volume of 8,730,606. Roblox Corporation has a 1 year low of $37.50 and a 1 year high of $150.59. The business has a fifty day moving average price of $120.00 and a 200-day moving average price of $88.56. 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 (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the firm earned ($0.32) EPS. The firm's quarterly revenue was up 50.5% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RBLX shares. Piper Sandler lifted their target price on Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Barclays boosted their price objective on Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Wall Street Zen cut Roblox from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group boosted their price objective on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Finally, Bank of America boosted their price objective on Roblox from $86.00 to $103.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Twenty research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $119.00.

Insider Buying and Selling at Roblox

In related news, Director Anthony P. Lee sold 111,112 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $131.01, for a total value of $14,556,783.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Baszucki sold 454,963 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer owned 211,559 shares of the company's stock, valued at $21,284,950.99. The trade was a 68.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,047,908 shares of company stock worth $215,580,184 over the last 90 days. Company insiders own 12.92% of the company's stock.

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.