Voleon Capital Management LP Grows Stock Position in Roblox Corporation $RBLX

Key Points

• Voleon Capital Management LP increased its stake in Roblox Corporation by 37.3%, acquiring an additional 26,073 shares, bringing its total holdings to 96,035 shares valued at approximately $5.6 million.
• Several other institutional investors have also enhanced their positions in Roblox, leading to a notable increase in institutional ownership, which now stands at 94.46% of the company's stock.
• Analysts are generally optimistic about Roblox, with a consensus rating of "Moderate Buy" and a price target averaging around $119.00, highlighting expected growth despite recent earnings reports missing estimates.

Voleon Capital Management LP increased its holdings in Roblox Corporation (NYSE:RBLX - Free Report) by 37.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,035 shares of the company's stock after buying an additional 26,073 shares during the period. Voleon Capital Management LP's holdings in Roblox were worth $5,598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Fred Alger Management LLC boosted its position in shares of Roblox by 32.6% in the 1st quarter. Fred Alger Management LLC now owns 462,867 shares of the company's stock worth $26,981,000 after buying an additional 113,901 shares in the last quarter. Sender Co & Partners Inc. purchased a new stake in shares of Roblox in the 1st quarter worth about $506,000. Triavera Capital LLC purchased a new stake in shares of Roblox in the 1st quarter worth about $6,138,000. Polar Asset Management Partners Inc. boosted its position in shares of Roblox by 2.9% in the 1st quarter. Polar Asset Management Partners Inc. now owns 84,400 shares of the company's stock worth $4,920,000 after buying an additional 2,400 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Roblox by 8.1% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 140,951 shares of the company's stock worth $8,216,000 after buying an additional 10,597 shares in the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on RBLX shares. Citigroup boosted their price objective on shares of Roblox from $123.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Arete Research set a $116.00 target price on shares of Roblox in a research note on Tuesday. Canaccord Genuity Group boosted their target price on shares of Roblox from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Morgan Stanley boosted their target price on shares of Roblox from $76.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Bank of America boosted their target price on shares of Roblox from $159.00 to $171.00 and gave the company a "buy" rating in a research note on Monday. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.16.

Insider Activity

In related news, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $773,001.57. Following the completion of the sale, the chief accounting officer owned 46,866 shares of the company's stock, valued at approximately $5,516,596.86. This represents a 12.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Arvind Chakravarthy sold 20,552 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $2,419,175.92. Following the completion of the transaction, the insider owned 242,469 shares of the company's stock, valued at approximately $28,541,025.99. This represents a 7.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,993,861 shares of company stock worth $210,622,673. Insiders own 12.92% of the company's stock.

Roblox Trading Up 0.3%

Shares of NYSE RBLX traded up $0.46 on Friday, reaching $133.42. 5,198,479 shares of the company traded hands, compared to its average volume of 8,770,343. Roblox Corporation has a fifty-two week low of $37.50 and a fifty-two week high of $150.59. The company has a 50 day moving average of $122.30 and a 200 day moving average of $90.47. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock has a market capitalization of $86.06 billion, a PE ratio of -93.30 and a beta of 1.62.

Roblox (NYSE:RBLX - Get Free Report) last posted 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). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company's revenue was up 50.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.32) EPS. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current fiscal 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.