Swedbank AB Acquires 129,500 Shares of Roblox Corporation $RBLX

Key Points

• Swedbank AB increased its stake in Roblox Corporation by 99.1%, acquiring an additional 129,500 shares, bringing its total holdings to 260,182 shares valued at approximately $27.37 million.
• Roblox's shares are receiving positive attention from analysts, with several upgrading their price targets, including Oppenheimer raising it to $125.00 and BMO Capital Markets increasing it to $150.00.
• Despite a revenue increase of 50.5% year-over-year, Roblox reported a loss of ($0.41) earnings per share for its latest quarter, missing analysts' estimates by ($0.04).

Swedbank AB boosted its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 99.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,182 shares of the company's stock after acquiring an additional 129,500 shares during the quarter. Swedbank AB's holdings in Roblox were worth $27,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company's stock worth $3,359,854,000 after buying an additional 4,400,624 shares during the period. Ieq Capital LLC lifted its holdings in Roblox by 13.8% in the 1st quarter. Ieq Capital LLC now owns 18,889,973 shares of the company's stock worth $1,101,097,000 after buying an additional 2,297,350 shares during the period. AQR Capital Management LLC lifted its holdings in Roblox by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company's stock worth $504,387,000 after buying an additional 6,007,322 shares during the period. Amundi lifted its holdings in Roblox by 55.5% in the 1st quarter. Amundi now owns 4,960,806 shares of the company's stock worth $288,818,000 after buying an additional 1,769,669 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Roblox by 210.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company's stock worth $189,840,000 after buying an additional 2,207,897 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BTIG Research increased their price objective on Roblox from $159.00 to $173.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Wells Fargo & Company increased their price objective on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Arete upgraded Roblox from a "sell" rating to a "neutral" rating and set a $116.00 price objective for the company in a report on Tuesday, September 9th. Piper Sandler raised their target price on Roblox from $105.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Wolfe Research upgraded Roblox from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Friday, August 22nd. Twenty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $123.16.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 192,617 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $105.13, for a total transaction of $20,249,825.21. Following the completion of the transaction, the chief executive officer owned 211,559 shares of the company's stock, valued at $22,241,197.67. This trade represents a 47.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Lee sold 111,112 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $131.01, for a total value of $14,556,783.12. The disclosure for this sale can be found here. Insiders sold a total of 822,938 shares of company stock valued at $92,998,426 in the last 90 days. Corporate insiders own 12.92% of the company's stock.

Roblox Stock Down 0.2%

Shares of RBLX traded down $0.30 on Friday, reaching $135.24. The stock had a trading volume of 16,746,329 shares, compared to its average volume of 7,281,631. Roblox Corporation has a 12-month low of $37.50 and a 12-month high of $150.59. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $87.23 billion, a price-to-earnings ratio of -94.57 and a beta of 1.62. The company has a 50-day simple moving average of $125.89 and a 200-day simple moving average of $93.74.

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 analysts' consensus estimates of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business earned ($0.32) EPS. The firm's quarterly revenue was up 50.5% on a year-over-year basis. 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 year.

Roblox 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.