Geode Capital Management LLC Acquires 834,230 Shares of Roblox Corporation $RBLX

Geode Capital Management LLC boosted its holdings in shares of Roblox Corporation (NYSE:RBLX) by 9.1% during the second quarter, HoldingsChannel reports. The fund owned 10,039,983 shares of the company’s stock after purchasing an additional 834,230 shares during the quarter. Geode Capital Management LLC’s holdings in Roblox were worth $1,053,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Emerald Advisers LLC raised its stake in shares of Roblox by 1.9% during the second quarter. Emerald Advisers LLC now owns 6,683 shares of the company’s stock valued at $703,000 after acquiring an additional 124 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Roblox by 1.9% in the second quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock worth $729,000 after purchasing an additional 127 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Roblox by 7.8% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,823 shares of the company’s stock valued at $192,000 after purchasing an additional 132 shares during the period. Farther Finance Advisors LLC raised its position in Roblox by 21.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 801 shares of the company’s stock worth $84,000 after purchasing an additional 141 shares during the last quarter. Finally, Independent Wealth Network Inc. lifted its holdings in Roblox by 3.9% during the 2nd quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company’s stock worth $409,000 after buying an additional 146 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roblox

In other Roblox news, CEO David Baszucki sold 66,896 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of Roblox stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $117.71, for a total transaction of $2,419,175.92. Following the completion of the sale, the insider directly owned 242,469 shares of the company’s stock, valued at approximately $28,541,025.99. This trade represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 324,416 shares of company stock valued at $38,124,641 over the last 90 days. Insiders own 12.92% of the company’s stock.

Roblox Trading Down 3.0%

NYSE RBLX opened at $101.24 on Friday. The stock has a market capitalization of $66.30 billion, a P/E ratio of -70.80 and a beta of 1.61. The business has a 50 day simple moving average of $126.34 and a 200 day simple moving average of $111.65. 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 Corporation has a one year low of $47.95 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 analysts’ consensus estimates of ($0.44) by $0.07. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company’s revenue for the quarter was up 70.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.37) EPS. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts expect that Roblox Corporation will post -1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of analyst reports. BTIG Research reduced their price target on Roblox from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. 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 note on Friday, August 22nd. Jefferies Financial Group increased their target price on shares of Roblox from $126.00 to $130.00 and gave the company a “hold” rating in a research report on Tuesday, October 14th. Morgan Stanley set a $170.00 price target on shares of Roblox and gave the stock an “overweight” rating in a report on Monday, October 13th. Finally, Cowen restated a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

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.