Yiheng Capital Management L.P. Sells 290,927 Shares of Roblox Corporation $RBLX

Key Points

• Yiheng Capital Management L.P. significantly reduced its stake in Roblox Corporation by 50.7%, now holding 282,338 shares worth approximately $16.46 million, making it the fund's 7th largest holding.
• Roblox's quarterly earnings report showed a loss of $0.41 per share, which was lower than analysts' expectations, though revenue grew by 50.5% year-over-year to $1.44 billion.
• Several analysts have recently upgraded their price targets for Roblox, with Wells Fargo setting a target of $153 and Piper Sandler raising theirs to $138, indicating overall positive sentiment among analysts.

Yiheng Capital Management L.P. decreased its position in Roblox Corporation (NYSE:RBLX - Free Report) by 50.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 282,338 shares of the company's stock after selling 290,927 shares during the period. Roblox comprises approximately 1.5% of Yiheng Capital Management L.P.'s portfolio, making the stock its 7th biggest holding. Yiheng Capital Management L.P.'s holdings in Roblox were worth $16,457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RBLX. SBI Securities Co. Ltd. grew its stake in Roblox by 1.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,295 shares of the company's stock valued at $775,000 after acquiring an additional 163 shares during the last quarter. Commerce Bank grew its position in shares of Roblox by 2.7% in the first quarter. Commerce Bank now owns 7,257 shares of the company's stock valued at $423,000 after purchasing an additional 191 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Roblox by 6.1% during the 1st quarter. Advisors Asset Management Inc. now owns 3,323 shares of the company's stock worth $194,000 after purchasing an additional 192 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Roblox by 0.3% during the 1st quarter. Ballentine Partners LLC now owns 77,513 shares of the company's stock worth $4,518,000 after purchasing an additional 198 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Roblox by 3.8% during the 1st quarter. Signaturefd LLC now owns 6,153 shares of the company's stock worth $359,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company's stock.

Insider Activity at Roblox

In other news, Director Anthony P. Lee sold 66,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $122.74, for a total value of $8,100,840.00. Following the transaction, the director owned 275,248 shares of the company's stock, valued at approximately $33,783,939.52. This trade represents a 19.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Baszucki sold 875 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total transaction of $110,880.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,993,861 shares of company stock valued at $210,622,673 over the last quarter. Company insiders own 12.92% of the company's stock.

Roblox Stock Up 0.8%

NYSE:RBLX traded up $1.09 on Wednesday, hitting $132.88. 4,694,253 shares of the stock were exchanged, compared to its average volume of 8,910,283. The stock has a fifty day moving average of $121.09 and a 200-day moving average of $89.67. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.04). The firm 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 firm's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on RBLX. Wells Fargo & Company boosted their price target on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Canaccord Genuity Group lifted their price objective on Roblox from $125.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Oppenheimer restated an "outperform" rating and issued a $125.00 target price (up from $80.00) on shares of Roblox in a report on Wednesday, June 18th. The Goldman Sachs Group raised their price target on shares of Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Finally, BMO Capital Markets upped their price objective on shares of Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.16.

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.