Blue Whale Capital LLP Lowers Holdings in Roblox Corporation $RBLX

Blue Whale Capital LLP lowered its stake in shares of Roblox Corporation (NYSE:RBLX) by 38.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 356,974 shares of the company’s stock after selling 226,259 shares during the quarter. Roblox comprises about 2.5% of Blue Whale Capital LLP’s holdings, making the stock its 15th largest position. Blue Whale Capital LLP owned 0.06% of Roblox worth $37,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Nuveen LLC purchased a new position in shares of Roblox in the 1st quarter worth $70,254,000. Fox Run Management L.L.C. grew its position in Roblox by 56.5% during the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock valued at $709,000 after acquiring an additional 4,390 shares during the period. Vanguard Group Inc. increased its stake in Roblox by 2.6% during the second quarter. Vanguard Group Inc. now owns 59,153,925 shares of the company’s stock worth $6,222,993,000 after acquiring an additional 1,513,608 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in Roblox during the second quarter worth about $120,041,000. Finally, Moody Lynn & Lieberson LLC purchased a new position in shares of Roblox in the 2nd quarter worth about $2,779,000. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Price Performance

RBLX stock opened at $91.12 on Wednesday. The stock’s 50 day moving average is $120.43 and its two-hundred day moving average is $113.70. Roblox Corporation has a 52-week low of $48.61 and a 52-week high of $150.59. The company has a market capitalization of $59.67 billion, a PE ratio of -63.72 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) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.07. Roblox had a negative return on equity of 314.20% and a negative net margin of 21.70%.The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business posted ($0.37) EPS. The business’s revenue was up 70.3% on a year-over-year basis. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RBLX has been the subject of a number of research reports. Piper Sandler set a $130.00 target price on Roblox in a report on Friday, October 31st. Arete raised shares of Roblox from a “sell” rating to a “neutral” rating and set a $116.00 price target on the stock in a research report on Tuesday, September 9th. UBS Group set a $120.00 price objective on shares of Roblox in a research note on Friday, October 31st. Oppenheimer reissued an “outperform” rating and issued a $150.00 target price on shares of Roblox in a research note on Friday, October 31st. Finally, Wolfe Research upgraded shares of Roblox from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Friday, August 22nd. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

Insider Activity

In other news, insider Matthew D. Kaufman sold 20,867 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $96.10, for a total value of $2,005,318.70. Following the sale, the insider owned 239,775 shares in the company, valued at approximately $23,042,377.50. This represents a 8.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Baszucki sold 66,896 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $104.53, for a total transaction of $6,992,638.88. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 388,508 shares of company stock worth $43,636,941 over the last ninety days. Insiders own 12.92% of the company’s stock.

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.