Avanza Fonder AB Has $4.06 Million Stake in Roblox Corporation $RBLX

Key Points

• Avanza Fonder AB reduced its holdings in Roblox Corporation by 59.1%, selling 55,721 shares and ending the second quarter with $4.06 million in holdings.
• Roblox has received optimistic upgrades from analysts, with price targets increasing from $125.00 to $171.00 and the prevailing rating being "Moderate Buy."
• Despite reporting a loss of ($0.41) EPS for the quarter, Roblox's revenue increased by 50.5% year-over-year, reaching $1.44 billion, exceeding analysts' expectations.

Avanza Fonder AB decreased its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 59.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,558 shares of the company's stock after selling 55,721 shares during the quarter. Avanza Fonder AB's holdings in Roblox were worth $4,056,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC lifted its stake in Roblox by 819.0% in the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after acquiring an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Roblox in the first quarter valued at approximately $39,000. MassMutual Private Wealth & Trust FSB raised its position in Roblox by 82.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 688 shares of the company's stock valued at $72,000 after purchasing an additional 310 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Roblox by 21.4% during the second quarter. Farther Finance Advisors LLC now owns 801 shares of the company's stock worth $84,000 after acquiring an additional 141 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Roblox by 27.5% in the 2nd quarter. UMB Bank n.a. now owns 817 shares of the company's stock worth $86,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Roblox Stock Up 1.3%

NYSE RBLX traded up $1.70 during trading hours on Monday, hitting $136.88. The company's stock had a trading volume of 6,620,503 shares, compared to its average volume of 7,736,943. Roblox Corporation has a 52 week low of $37.50 and a 52 week high of $150.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The company's 50-day simple moving average is $126.39 and its two-hundred day simple moving average is $94.55. The company has a market capitalization of $88.29 billion, a PE ratio of -95.72 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last announced 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). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the previous year, the company earned ($0.32) EPS. The company'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. Research analysts anticipate that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RBLX shares. Citigroup increased their price objective on Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Arete Research set a $116.00 target price on Roblox in a report on Tuesday, September 9th. Morgan Stanley boosted their target price on Roblox from $76.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Canaccord Genuity Group lifted their price objective on Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC upped their price target on Roblox from $79.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Roblox currently has an average rating of "Moderate Buy" and an average target price of $124.56.

Insiders Place Their Bets

In related news, Director Anthony P. Lee sold 111,112 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Arvind Chakravarthy sold 20,552 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the transaction, the insider owned 242,469 shares in the company, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 828,938 shares of company stock worth $93,817,726. 12.92% of the stock is owned by corporate insiders.

Roblox 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.