Korea Investment CORP Has $21.24 Million Position in Roblox Corporation $RBLX

Key Points

• Korea Investment CORP increased its stake in Roblox Corporation by 16.8%, now holding approximately $21.24 million worth of shares after acquiring an additional 52,325 shares.
• Roblox reported a quarterly revenue of $1.44 billion, exceeding expectations, despite posting an EPS loss of ($0.41), which was below analysts' consensus of ($0.37).
• Multiple analysts have raised their price targets for Roblox stock, with Barclays increasing its target to $120 and Wells Fargo to $153, reflecting strong market sentiment.

Korea Investment CORP increased its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 364,331 shares of the company's stock after purchasing an additional 52,325 shares during the quarter. Korea Investment CORP owned approximately 0.06% of Roblox worth $21,237,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in RBLX. Vanguard Group Inc. boosted its holdings in shares of Roblox by 8.3% during the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares during the period. Durable Capital Partners LP acquired a new stake in shares of Roblox during the fourth quarter worth approximately $246,560,000. Ninety One UK Ltd acquired a new stake in shares of Roblox during the first quarter worth approximately $137,379,000. Whale Rock Capital Management LLC boosted its holdings in shares of Roblox by 95.8% during 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 period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Roblox by 210.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock valued at $189,840,000 after acquiring an additional 2,207,897 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Trading Up 0.4%

NYSE:RBLX opened at $118.7950 on Thursday. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The firm has a market cap of $76.63 billion, a price-to-earnings ratio of -83.07 and a beta of 1.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The company's 50 day moving average is $114.44 and its 200-day moving average is $83.82.

Roblox (NYSE:RBLX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RBLX. Barclays lifted their target price on shares of Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Morgan Stanley lifted their target price on shares of Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Oppenheimer reiterated an "outperform" rating and issued a $125.00 target price (up from $80.00) on shares of Roblox in a research note on Wednesday, June 18th. Wells Fargo & Company lifted their target price on shares of Roblox from $116.00 to $153.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Cowen reiterated a "sell" rating on shares of Roblox in a research note on Monday. Nineteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $117.59.

Insider Transactions at Roblox

In other Roblox news, insider Matthew D. Kaufman sold 6,000 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $133.67, for a total transaction of $802,020.00. Following the completion of the sale, the insider directly owned 301,223 shares of the company's stock, valued at approximately $40,264,478.41. The trade was a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony P. Lee sold 66,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $129.37, for a total value of $8,538,420.00. Following the sale, the director directly owned 279,868 shares of the company's stock, valued at $36,206,523.16. This represents a 19.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,957,928 shares of company stock valued at $479,701,008. 12.92% of the stock is owned by company insiders.

About Roblox

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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