Erste Asset Management GmbH Sells 35,000 Shares of Roblox Corporation $RBLX

Key Points

• Erste Asset Management GmbH reduced its holdings in Roblox Corporation by 7.4%, selling 35,000 shares and retaining 435,000 shares worth approximately $25.36 million.
• Multiple institutional investors increased their positions in Roblox, with Credit Agricole S A and Hsbc Holdings PLC boosting their stakes significantly during the first quarter of the year.
• Roblox recently reported a loss of ($0.41) earnings per share, falling short of analyst expectations, but saw a revenue increase of 50.5% year-over-year, totaling $1.44 billion.

Erste Asset Management GmbH lessened its position in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 435,000 shares of the company's stock after selling 35,000 shares during the period. Erste Asset Management GmbH owned about 0.07% of Roblox worth $25,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Credit Agricole S A boosted its stake in shares of Roblox by 55.6% during the 1st quarter. Credit Agricole S A now owns 23,969 shares of the company's stock worth $1,397,000 after acquiring an additional 8,563 shares during the period. MIG Capital LLC boosted its position in Roblox by 133.0% during the 1st quarter. MIG Capital LLC now owns 13,316 shares of the company's stock worth $776,000 after buying an additional 7,602 shares during the period. Hsbc Holdings PLC increased its stake in shares of Roblox by 124.2% in the first quarter. Hsbc Holdings PLC now owns 526,683 shares of the company's stock valued at $30,669,000 after buying an additional 291,750 shares during the period. Korea Investment CORP lifted its holdings in Roblox by 16.8% in the first quarter. Korea Investment CORP now owns 364,331 shares of the company's stock valued at $21,237,000 after buying an additional 52,325 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Roblox by 1.9% during the 1st quarter. Northern Trust Corp now owns 3,164,329 shares of the company's stock worth $184,449,000 after buying an additional 60,105 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Stock Down 1.6%

RBLX stock opened at $118.0410 on Wednesday. The stock has a market cap of $76.14 billion, a P/E ratio of -82.55 and a beta of 1.63. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The business's 50-day moving average price is $113.99 and its 200-day moving average price is $83.58. 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 released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share 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 business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned ($0.32) EPS. The business's 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. On average, equities research analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RBLX. BTIG Research set a $131.00 target price on Roblox and gave the company a "buy" rating in a research report on Monday, July 28th. Bank of America boosted their price objective on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Morgan Stanley boosted their price target on shares of 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 raised their price objective on Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Wedbush raised their price objective on Roblox from $142.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Nineteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $117.59.

Insider Buying and Selling

In related news, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $133.67, for a total transaction of $802,020.00. Following the sale, the insider owned 301,223 shares in the company, valued at approximately $40,264,478.41. This represents a 1.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $129.37, for a total value of $8,538,420.00. Following the transaction, the director owned 279,868 shares of the company's stock, valued at $36,206,523.16. This trade represents a 19.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,980,441 shares of company stock valued at $481,547,299. 12.92% of the stock is currently owned by company 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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