Swedbank AB Cuts Stake in Roblox Corporation $RBLX

Key Points

• Swedbank AB decreased its stake in Roblox Corporation (RBLX) by 7.8%, selling 11,117 shares during the first quarter, leaving them with 130,682 shares valued at approximately $7.62 million.
• Despite the decrease by Swedbank, several other institutional investors, like Nuveen LLC and Fox Run Management, have purchased or increased their positions in Roblox, indicating ongoing interest.
• Roblox has received several upward price target revisions from analysts, with Citigroup lifting its target from $123 to $152, and maintaining a consensus rating of "Moderate Buy" with an average price target of $123.16.

Swedbank AB lowered its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 7.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,682 shares of the company's stock after selling 11,117 shares during the period. Swedbank AB's holdings in Roblox were worth $7,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in RBLX. Rafferty Asset Management LLC raised its position in shares of Roblox by 14.8% in the 4th quarter. Rafferty Asset Management LLC now owns 29,723 shares of the company's stock valued at $1,720,000 after buying an additional 3,825 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Roblox by 7.3% in the 4th quarter. Toronto Dominion Bank now owns 64,476 shares of the company's stock valued at $3,731,000 after buying an additional 4,384 shares in the last quarter. Two Sigma Investments LP increased its position in Roblox by 25.7% during the 4th quarter. Two Sigma Investments LP now owns 4,514,666 shares of the company's stock worth $261,219,000 after purchasing an additional 921,822 shares in the last quarter. Two Sigma Advisers LP increased its position in Roblox by 23.7% during the 4th quarter. Two Sigma Advisers LP now owns 7,256,600 shares of the company's stock worth $419,867,000 after purchasing an additional 1,391,800 shares in the last quarter. Finally, Woodline Partners LP increased its position in Roblox by 28.0% during the 4th quarter. Woodline Partners LP now owns 666,300 shares of the company's stock worth $38,552,000 after purchasing an additional 145,607 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Roblox Price Performance

Shares of RBLX stock traded down $0.30 during trading hours on Friday, hitting $135.24. 16,746,329 shares of the company's stock were exchanged, compared to its average volume of 7,281,631. The company has a market capitalization of $87.23 billion, a PE ratio of -94.57 and a beta of 1.62. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The business's 50 day simple moving average is $125.89 and its 200-day simple moving average is $93.53. 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 posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.20 billion. Roblox had a negative return on equity of 372.96% and a negative net margin of 23.67%.The company's revenue was up 50.5% compared to the same quarter last year. During the same period last year, the business posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Roblox from $135.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Arete upgraded shares of Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective for the company in a research report on Tuesday, September 9th. Wall Street Zen lowered shares of Roblox from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Barclays lifted their price target on shares of Roblox from $62.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Benchmark lifted their price target on shares of Roblox from $77.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $123.16.

Insider Buying and Selling

In related news, CEO David Baszucki sold 192,617 shares of Roblox stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $105.13, for a total value of $20,249,825.21. Following the transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at $22,241,197.67. The trade was a 47.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony P. Lee sold 111,112 shares of Roblox stock in a transaction on Friday, August 1st. The stock was sold at an average price of $131.01, for a total transaction of $14,556,783.12. The disclosure for this sale can be found here. Insiders have sold a total of 822,938 shares of company stock valued at $92,998,426 over the last three months. 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.