QRG Capital Management Inc. Raises Stake in Roblox Corporation $RBLX

Key Points

• QRG Capital Management Inc. increased its stake in Roblox Corporation by 50.8% during the second quarter, now owning 63,248 shares valued at approximately $6.65 million.
• Numerous analysts have raised their price targets for Roblox, with Barclays setting a new target of $120.00, while Wolfe Research increased theirs to $150.00.
• Despite significant revenue growth of 50.5% year-over-year, Roblox reported a loss of ($0.41) earnings per share, missing analysts' expectations.

QRG Capital Management Inc. increased its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 50.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 63,248 shares of the company's stock after buying an additional 21,306 shares during the quarter. QRG Capital Management Inc.'s holdings in Roblox were worth $6,654,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Roblox in the 1st quarter worth about $70,254,000. Fox Run Management L.L.C. raised its stake in Roblox by 56.5% in the 1st quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company's stock valued at $709,000 after acquiring an additional 4,390 shares during the period. Moody Lynn & Lieberson LLC bought a new stake in Roblox in the 2nd quarter valued at about $2,779,000. Long Corridor Asset Management Ltd bought a new stake in Roblox in the 1st quarter valued at about $4,372,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Roblox by 15.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,483 shares of the company's stock valued at $2,096,000 after acquiring an additional 4,760 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Barclays boosted their price objective on Roblox from $62.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Wolfe Research upgraded Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research note on Friday, August 22nd. Bank of America boosted their price objective on Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Wedbush restated an "outperform" rating and issued a $165.00 price objective on shares of Roblox in a research note on Thursday, September 4th. Finally, Cowen reiterated a "sell" rating on shares of Roblox in a research report on Monday, August 18th. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Roblox currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.72.

Roblox Stock Down 7.9%

RBLX stock opened at $122.91 on Monday. 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 moving average is $128.89 and its 200 day moving average is $99.42. The stock has a market cap of $79.28 billion, a price-to-earnings ratio of -85.95 and a beta of 1.63. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The firm's revenue for the quarter was up 50.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, insider Arvind Chakravarthy sold 20,552 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total value of $2,419,175.92. Following the transaction, the insider directly owned 242,469 shares in the company, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amy Marie Rawlings sold 6,567 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total transaction of $773,001.57. Following the completion of the transaction, the chief accounting officer owned 46,866 shares in the company, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 366,876 shares of company stock valued at $47,386,869 in the last ninety days. 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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