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

Los Angeles Capital Management LLC bought a new position in Roblox Co. (NYSE:RBLX) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 368,535 shares of the company’s stock, valued at approximately $21,323,000. Los Angeles Capital Management LLC owned approximately 0.06% of Roblox as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Toronto Dominion Bank raised its stake in shares of Roblox by 34.3% during the 3rd 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 increased its holdings in Roblox by 939.6% in the 4th quarter. Smith Group Asset Management LLC now owns 69,030 shares of the company’s stock worth $3,994,000 after acquiring an additional 62,390 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Roblox in the 4th quarter worth about $363,000. Entropy Technologies LP grew its holdings in 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 buying an additional 62,521 shares in the last quarter. Finally, Silicon Valley Capital Partners grew its holdings in 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 buying an additional 66,882 shares in the last quarter. 94.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Amy Marie Rawlings sold 5,879 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now directly owns 75,528 shares of the company’s stock, valued at $4,909,320. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Baszucki sold 333,334 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $57.31, for a total value of $19,103,371.54. Following the completion of the sale, the chief executive officer now directly owns 129,295 shares in the company, valued at approximately $7,409,896.45. The trade was a 72.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,090,297 shares of company stock valued at $67,514,814 over the last ninety days. Company insiders own 22.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RBLX shares. Raymond James reaffirmed a “strong-buy” rating and set a $60.00 target price on shares of Roblox in a report on Friday, November 22nd. Morgan Stanley boosted their price objective on Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wedbush reissued an “outperform” rating and set a $83.00 price objective on shares of Roblox in a report on Friday, February 7th. Wells Fargo & Company boosted their price objective on Roblox from $58.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Benchmark boosted their price objective on Roblox from $60.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.19.

Roblox Price Performance

RBLX opened at $59.46 on Wednesday. The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.98 and a current ratio of 1.02. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $75.74. The stock has a market capitalization of $36.81 billion, a PE ratio of -41.01 and a beta of 1.46. The stock’s 50 day moving average price is $63.99 and its 200-day moving average price is $52.89.

Roblox (NYSE:RBLX) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that Roblox Co. will post -1.49 EPS for the current 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.