Los Angeles Capital Management LLC Invests $21.32 Million in Roblox Co. (NYSE:RBLX)

Los Angeles Capital Management LLC purchased a new stake in shares of Roblox Co. (NYSE:RBLX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 368,535 shares of the company’s stock, valued at approximately $21,323,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RBLX. Frazier Financial Advisors LLC lifted its holdings in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock valued at $28,000 after purchasing an additional 624 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock valued at $46,000 after purchasing an additional 770 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Roblox by 33,875.0% during the third quarter. True Wealth Design LLC now owns 1,359 shares of the company’s stock valued at $60,000 after purchasing an additional 1,355 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Roblox by 29.2% during the fourth quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares in the last quarter. 94.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays lowered their target price on Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group increased their target price on Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. OTR Global raised Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. Citigroup increased their target price on Roblox from $63.00 to $82.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, CICC Research assumed coverage on Roblox in a report on Tuesday, January 14th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.19.

Insider Buying and Selling at Roblox

In other news, CAO Amy Marie Rawlings sold 5,879 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $65.00, for a total value of $382,135.00. Following the completion of the sale, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at $4,909,320. This trade represents a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Reinstra sold 16,432 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.39, for a total value of $1,008,760.48. Following the completion of the sale, the insider now directly owns 322,774 shares of the company’s stock, valued at $19,815,095.86. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,090,297 shares of company stock worth $67,514,814 in the last quarter. 22.15% of the stock is owned by corporate insiders.

Roblox Stock Performance

NYSE:RBLX opened at $59.46 on Wednesday. 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 12-month low of $29.55 and a 12-month high of $75.74. The stock has a 50-day moving average price of $63.99 and a 200 day moving average price of $52.89. The stock has a market capitalization of $36.81 billion, a P/E ratio of -41.01 and a beta of 1.46.

Roblox (NYSE:RBLX) last released its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (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%. Equities research analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

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.