Wellington Management Group LLP Cuts Stock Position in Roblox Corporation $RBLX

Key Points

• Wellington Management Group LLP reduced its stake in Roblox by 2.8%, owning 2,065,194 shares valued at approximately $120.38 million after selling 58,928 shares in the first quarter.
• Roblox's quarterly earnings report revealed a loss of ($0.41) EPS, missing analysts' estimates, despite a 50.5% year-over-year revenue increase to $1.44 billion.
• Institutions control 94.46% of Roblox's stock, with various investors adjusting their holdings, including Korea Investment CORP increasing its stake by 16.8%.

Wellington Management Group LLP trimmed its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,065,194 shares of the company's stock after selling 58,928 shares during the period. Wellington Management Group LLP owned 0.33% of Roblox worth $120,380,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Korea Investment CORP lifted its stake in Roblox by 16.8% in the 1st quarter. Korea Investment CORP now owns 364,331 shares of the company's stock valued at $21,237,000 after buying an additional 52,325 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Roblox by 1.9% during the first quarter. Northern Trust Corp now owns 3,164,329 shares of the company's stock valued at $184,449,000 after acquiring an additional 60,105 shares during the last quarter. Versor Investments LP lifted its position in shares of Roblox by 356.7% in the first quarter. Versor Investments LP now owns 21,006 shares of the company's stock valued at $1,224,000 after acquiring an additional 16,406 shares in the last quarter. Cresset Asset Management LLC boosted its stake in shares of Roblox by 3.8% in the first quarter. Cresset Asset Management LLC now owns 22,881 shares of the company's stock worth $1,334,000 after acquiring an additional 834 shares during the last quarter. Finally, Ethic Inc. purchased a new stake in shares of Roblox during the first quarter worth approximately $534,000. Institutional investors and hedge funds own 94.46% of the company's stock.

Insiders Place Their Bets

In other news, insider Matthew D. Kaufman sold 6,000 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $133.67, for a total value of $802,020.00. Following the transaction, the insider owned 301,223 shares of the company's stock, valued at $40,264,478.41. This represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $129.37, for a total value of $8,538,420.00. Following the transaction, the director owned 279,868 shares of the company's stock, valued at approximately $36,206,523.16. This represents a 19.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,957,928 shares of company stock worth $479,701,008 over the last ninety days. Company insiders own 12.92% of the company's stock.

Analyst Ratings Changes

RBLX has been the topic of a number of research reports. BMO Capital Markets raised their price objective on Roblox from $135.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Roth Mkm raised their price target on shares of Roblox from $72.00 to $74.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group upped their price objective on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Benchmark increased their price objective on shares of Roblox from $77.00 to $150.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Needham & Company LLC boosted their target price on Roblox from $79.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Nineteen analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Roblox currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.59.

Roblox Stock Performance

NYSE:RBLX opened at $114.85 on Friday. The company's 50-day moving average is $114.84 and its two-hundred day moving average is $84.13. Roblox Corporation has a 1-year low of $37.50 and a 1-year high of $150.59. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $74.08 billion, a price-to-earnings ratio of -80.31 and a beta of 1.63.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly 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). 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior 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. Analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

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.

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