Machina Capital S.A.S. Invests $595,000 in Roblox Co. (NYSE:RBLX)

Machina Capital S.A.S. bought a new position in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,279 shares of the company’s stock, valued at approximately $595,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in shares of Roblox by 34.3% during the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company’s stock worth $2,660,000 after purchasing an additional 15,333 shares during the period. Smith Group Asset Management LLC grew its position in Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock valued at $3,994,000 after buying an additional 62,390 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Roblox in the 4th quarter valued at about $363,000. Entropy Technologies LP boosted its position in shares of Roblox by 168.4% during the 3rd quarter. Entropy Technologies LP now owns 99,649 shares of the company’s stock valued at $4,410,000 after purchasing an additional 62,521 shares in the last quarter. Finally, Silicon Valley Capital Partners boosted its position in shares of Roblox by 3,010.0% during the 4th quarter. Silicon Valley Capital Partners now owns 69,104 shares of the company’s stock valued at $3,998,000 after purchasing an additional 66,882 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Trading Down 2.3 %

Shares of Roblox stock opened at $57.24 on Friday. The company’s fifty day simple moving average is $64.23 and its 200-day simple moving average is $53.99. The company has a market cap of $35.43 billion, a price-to-earnings ratio of -39.48 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82. Roblox Co. has a 1 year low of $29.55 and a 1 year high of $75.74.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, sell-side analysts expect that Roblox Co. will post -1.49 EPS for the current year.

Insider Buying and Selling

In other Roblox news, insider Mark Reinstra sold 24,000 shares of Roblox stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the completion of the transaction, the insider now directly owns 278,161 shares of the company’s stock, valued at approximately $16,620,119.75. This trade represents a 7.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Manuel Bronstein sold 44,888 shares of Roblox stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $60.01, for a total value of $2,693,728.88. Following the transaction, the insider now directly owns 573,266 shares of the company’s stock, valued at approximately $34,401,692.66. The trade was a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 961,255 shares of company stock valued at $62,394,678 over the last ninety days. 22.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RBLX shares. Macquarie raised their price objective on shares of Roblox from $71.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Raymond James reaffirmed a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research note on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on shares of Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Barclays reduced their price target on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, Needham & Company LLC increased their price target on shares of Roblox from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus target price of $64.19.

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.