Hsbc Holdings PLC Buys 291,750 Shares of Roblox Corporation $RBLX

Key Points

• Hsbc Holdings PLC increased its ownership in Roblox Corporation by 124.2% in the first quarter, acquiring a total of 526,683 shares worth approximately $30.67 million.
• Roblox reported a $1.44 billion revenue for the last quarter, significantly exceeding analysts' expectations, despite posting a loss of ($0.41) EPS.
• Analysts are optimistic about Roblox, with many raising their price targets and a consensus rating of "Moderate Buy", while institutional investors hold 94.46% of the company’s stock.

Hsbc Holdings PLC raised its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 124.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 526,683 shares of the company's stock after acquiring an additional 291,750 shares during the period. Hsbc Holdings PLC owned about 0.08% of Roblox worth $30,669,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RBLX. Gordian Capital Singapore Pte Ltd lifted its stake in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Larson Financial Group LLC lifted its stake in Roblox by 819.0% during the 1st quarter. Larson Financial Group LLC now owns 579 shares of the company's stock valued at $34,000 after acquiring an additional 516 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Roblox during the 1st quarter valued at $39,000. Colonial Trust Co SC bought a new position in Roblox during the 4th quarter valued at $41,000. Finally, Headlands Technologies LLC bought a new position in Roblox during the 1st quarter valued at $57,000. 94.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Matthew D. Kaufman sold 6,000 shares of Roblox stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $133.67, for a total value of $802,020.00. Following the completion of the sale, the insider owned 301,223 shares of the company's stock, valued at approximately $40,264,478.41. This trade represents a 1.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 875 shares of Roblox stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total value of $110,880.00. Following the completion of the sale, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $26,808,756.48. This trade represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,935,047 shares of company stock worth $478,661,185 in the last quarter. 12.92% of the stock is currently owned by company insiders.

Roblox Stock Performance

RBLX traded down $0.75 during trading hours on Wednesday, hitting $124.01. The stock had a trading volume of 3,926,776 shares, compared to its average volume of 8,867,549. The company's fifty day simple moving average is $116.21 and its 200 day simple moving average is $85.30. Roblox Corporation has a 1 year low of $37.50 and a 1 year high of $150.59. The stock has a market cap of $79.99 billion, a PE ratio of -86.47 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.

Roblox (NYSE:RBLX - Get Free Report) last announced 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). 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 during the quarter, compared to analysts' expectations of $1.20 billion. During the same period last year, the business posted ($0.32) EPS. The company's revenue 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. Equities analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RBLX shares. Bank of America raised their target price on Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Wedbush reaffirmed an "outperform" rating and set a $165.00 target price on shares of Roblox in a research report on Monday. Macquarie raised their target price on Roblox from $76.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Oppenheimer reaffirmed an "outperform" rating and set a $125.00 target price (up from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Finally, BMO Capital Markets raised their target price on Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $119.00.

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.