Magnetar Financial LLC Purchases New Position in Roblox Corporation $RBLX

Magnetar Financial LLC acquired a new position in shares of Roblox Corporation (NYSE:RBLX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,183 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RBLX. Vanguard Group Inc. boosted its position in shares of Roblox by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock valued at $6,222,993,000 after purchasing an additional 1,513,608 shares during the period. Ieq Capital LLC lifted its stake in Roblox by 13.8% in the first quarter. Ieq Capital LLC now owns 18,889,973 shares of the company’s stock valued at $1,101,097,000 after buying an additional 2,297,350 shares during the last quarter. Geode Capital Management LLC lifted its stake in Roblox by 9.1% in the second quarter. Geode Capital Management LLC now owns 10,039,983 shares of the company’s stock valued at $1,053,257,000 after buying an additional 834,230 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Roblox by 217.4% in the first quarter. AQR Capital Management LLC now owns 8,770,427 shares of the company’s stock valued at $504,387,000 after acquiring an additional 6,007,322 shares during the period. Finally, Amundi boosted its holdings in shares of Roblox by 55.5% in the first quarter. Amundi now owns 4,960,806 shares of the company’s stock valued at $288,818,000 after acquiring an additional 1,769,669 shares during the period. Institutional investors and hedge funds own 94.46% of the company’s stock.

Roblox Stock Up 2.0%

RBLX stock opened at $92.88 on Thursday. The stock has a market capitalization of $60.82 billion, a PE ratio of -64.95 and a beta of 1.61. The company has a fifty day moving average of $119.57 and a 200-day moving average of $113.55. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.96 and a current ratio of 0.96. Roblox Corporation has a one year low of $48.61 and a one year high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.07. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm’s revenue for the quarter was up 70.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts expect that Roblox Corporation will post -1.49 EPS for the current year.

Insider Buying and Selling at Roblox

In other news, insider Matthew D. Kaufman sold 20,867 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $96.10, for a total value of $2,005,318.70. Following the completion of the sale, the insider directly owned 239,775 shares of the company’s stock, valued at $23,042,377.50. This trade represents a 8.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arvind Chakravarthy sold 20,912 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,991,449.76. Following the transaction, the insider directly owned 181,043 shares in the company, valued at $17,240,724.89. This represents a 10.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 388,508 shares of company stock worth $43,636,941. 12.92% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BTIG Research cut their target price on shares of Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Raymond James Financial reissued an “outperform” rating and set a $165.00 price objective (up from $155.00) on shares of Roblox in a research report on Tuesday, October 14th. Wolfe Research upgraded shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. decreased their target price on shares of Roblox from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Wedbush reissued an “outperform” rating and set a $165.00 price target on shares of Roblox in a report on Thursday, September 4th. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Roblox has a consensus rating of “Moderate Buy” and an average price target of $136.41.

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.