Roblox Corporation $RBLX is Yiheng Capital Management L.P.'s 8th Largest Position

Key Points

• Yiheng Capital Management L.P. has significantly reduced its holdings in Roblox Corporation by 50.7%, now owning 282,338 shares, making it the firm's 8th largest investment.
• Insider trading activity saw CEO David Baszucki sell 687,500 shares for over $60 million, which represents a 76.47% decrease in his position.
• Recent analysts' reports have resulted in varied price target adjustments for Roblox stock, with a consensus target price of $119.00 and 20 analysts rating it as a Buy.

Yiheng Capital Management L.P. lowered its holdings in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 50.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,338 shares of the company's stock after selling 290,927 shares during the period. Roblox makes up 1.1% of Yiheng Capital Management L.P.'s investment portfolio, making the stock its 8th largest holding. Yiheng Capital Management L.P.'s holdings in Roblox were worth $16,457,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd lifted its holdings in Roblox by 74.8% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Larson Financial Group LLC increased its position in Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after purchasing an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Roblox in the first quarter worth $39,000. Colonial Trust Co SC bought a new stake in Roblox in the fourth quarter worth $41,000. Finally, Headlands Technologies LLC bought a new position in Roblox during the first quarter valued at $57,000. 94.46% of the stock is currently owned by institutional investors.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 687,500 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $87.97, for a total value of $60,479,375.00. Following the sale, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $18,610,845.23. The trade was a 76.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 4,935,047 shares of company stock worth $478,661,185. 12.92% of the stock is owned by insiders.

Analysts Set New Price Targets

RBLX has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on shares of Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Raymond James Financial lowered shares of Roblox from a "strong-buy" rating to an "outperform" rating and upped their price objective for the stock from $81.00 to $130.00 in a research note on Wednesday, July 23rd. BTIG Research set a $131.00 price objective on shares of Roblox and gave the stock a "buy" rating in a research note on Monday, July 28th. Wedbush reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of Roblox in a research note on Monday, August 25th. Finally, Bank of America upped their price objective on shares of 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 assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $119.00.

Roblox Stock Performance

RBLX opened at $124.68 on Friday. The firm has a market capitalization of $80.42 billion, a PE ratio of -87.19 and a beta of 1.63. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The firm has a 50 day moving average of $117.56 and a two-hundred day moving average of $86.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94.

Roblox (NYSE:RBLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) EPS 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 firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned ($0.32) EPS. Roblox's revenue for the quarter was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that Roblox Corporation will post -1.49 EPS for the current year.

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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