Rhumbline Advisers Purchases 104,050 Shares of Roblox Corporation $RBLX

Rhumbline Advisers raised its position in shares of Roblox Corporation (NYSE:RBLX) by 13.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 865,525 shares of the company’s stock after purchasing an additional 104,050 shares during the quarter. Rhumbline Advisers’ holdings in Roblox were worth $91,053,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC grew its position in shares of 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 last quarter. Vanguard Group Inc. lifted its stake in Roblox by 8.3% in the first quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after acquiring an additional 4,400,624 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 worth $1,101,097,000 after acquiring an additional 2,297,350 shares during the period. Amundi boosted its holdings in 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Roblox by 47.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock valued at $503,718,000 after purchasing an additional 1,531,380 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Roblox Price Performance

RBLX opened at $89.23 on Friday. The firm has a market cap of $58.43 billion, a PE ratio of -62.40 and a beta of 1.61. The stock has a 50-day moving average price of $122.26 and a 200-day moving average price of $113.11. Roblox Corporation has a 1 year low of $47.95 and a 1 year high of $150.59. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.96 and a quick ratio of 0.96.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.07. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.64 billion. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. Roblox’s revenue was up 70.3% compared to the same quarter last year. During the same period last year, the business earned ($0.37) EPS. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RBLX has been the subject of several research analyst reports. Macquarie lifted their target price on shares of Roblox from $158.00 to $164.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Wolfe Research raised Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Friday, August 22nd. Morgan Stanley set a $170.00 target price on Roblox and gave the stock an “overweight” rating in a report on Monday, October 13th. UBS Group set a $120.00 target price on Roblox in a research note on Friday, October 31st. Finally, Cowen reaffirmed a “sell” rating on shares of Roblox in a research note on Monday, August 18th. Twenty investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Roblox has an average rating of “Moderate Buy” and a consensus target price of $136.41.

Insider Activity

In other news, insider Mark Reinstra sold 2,401 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $104.60, for a total value of $251,144.60. Following the completion of the transaction, the insider owned 387,314 shares in the company, valued at $40,513,044.40. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Baszucki sold 66,896 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $104.53, for a total value of $6,992,638.88. The SEC filing for this sale provides additional information. Insiders have sold 297,297 shares of company stock valued at $34,932,463 in the last quarter. Insiders own 12.92% of the company’s stock.

About Roblox

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.