Aviva PLC Buys 140,119 Shares of Roblox Corporation $RBLX

Aviva PLC raised its stake in Roblox Corporation (NYSE:RBLX) by 53.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 401,445 shares of the company’s stock after buying an additional 140,119 shares during the period. Aviva PLC’s holdings in Roblox were worth $42,232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in shares of Roblox by 217.4% during the first 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 in the last quarter. Vanguard Group Inc. increased its holdings in Roblox by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 57,640,317 shares of the company’s stock worth $3,359,854,000 after purchasing an additional 4,400,624 shares in the last quarter. Ieq Capital LLC raised its position 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 purchasing an additional 2,297,350 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Roblox by 210.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,256,815 shares of the company’s stock valued at $189,840,000 after purchasing an additional 2,207,897 shares in the last quarter. Finally, Amundi grew its holdings in shares of Roblox by 55.5% during the first quarter. Amundi now owns 4,960,806 shares of the company’s stock worth $288,818,000 after purchasing an additional 1,769,669 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RBLX. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price objective on shares of Roblox in a report on Friday, October 31st. Wedbush restated an “outperform” rating and issued a $165.00 price target on shares of Roblox in a research report on Thursday, September 4th. BTIG Research cut their price target 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. Needham & Company LLC reissued a “buy” rating and issued a $159.00 price objective on shares of Roblox in a research note on Friday, October 31st. Finally, Raymond James Financial restated an “outperform” rating and issued a $165.00 price objective (up from $155.00) on shares of Roblox in a report on Tuesday, October 14th. Twenty equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.41.

Roblox Trading Up 5.7%

RBLX opened at $107.09 on Monday. Roblox Corporation has a twelve month low of $47.95 and a twelve month high of $150.59. The company has a fifty day moving average of $128.35 and a 200-day moving average of $111.23. The stock has a market cap of $70.13 billion, a PE ratio of -74.89 and a beta of 1.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.07. The business had revenue of $1.36 billion for 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 for the quarter was up 70.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.37) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that Roblox Corporation will post -1.49 EPS for the current year.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 6,567 shares of Roblox 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 $773,001.57. Following the completion of the sale, the chief accounting officer directly owned 46,866 shares in the company, valued at approximately $5,516,596.86. The trade was a 12.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 20,552 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 directly owned 242,469 shares in the company, 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 251,520 shares of company stock worth $30,523,122 over the last three months. Insiders own 12.92% of the company’s stock.

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.