Plato Investment Management Ltd Raises Position in Roblox Co. (NYSE:RBLX)

Plato Investment Management Ltd lifted its stake in shares of Roblox Co. (NYSE:RBLX) by 236.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,985 shares of the company’s stock after purchasing an additional 10,529 shares during the period. Plato Investment Management Ltd’s holdings in Roblox were worth $870,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Roblox by 24.5% during the 3rd quarter. FMR LLC now owns 20,942,691 shares of the company’s stock worth $926,924,000 after purchasing an additional 4,115,286 shares during the last quarter. Ieq Capital LLC increased its stake in shares of Roblox by 26.8% during the 4th quarter. Ieq Capital LLC now owns 16,592,623 shares of the company’s stock worth $960,049,000 after purchasing an additional 3,507,901 shares during the last quarter. State Street Corp increased its stake in shares of Roblox by 2.3% during the 3rd quarter. State Street Corp now owns 10,855,890 shares of the company’s stock worth $480,482,000 after purchasing an additional 240,565 shares during the last quarter. ValueAct Holdings L.P. increased its stake in shares of Roblox by 340.7% during the 3rd quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company’s stock worth $448,616,000 after purchasing an additional 7,835,921 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Roblox by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company’s stock worth $368,003,000 after purchasing an additional 408,915 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Insider Buying and Selling at Roblox

In other Roblox news, insider Manuel Bronstein sold 44,888 shares of the business’s stock in a transaction dated 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 owns 573,266 shares in the company, valued at approximately $34,401,692.66. The trade was a 7.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Guthrie sold 100,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $55.92, for a total transaction of $5,592,000.00. Following the completion of the transaction, the chief financial officer now owns 331,187 shares in the company, valued at $18,519,977.04. The trade was a 23.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,136,535 shares of company stock worth $70,589,814. 22.15% of the stock is currently owned by company insiders.

Roblox Stock Performance

Roblox stock opened at $62.15 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The company has a market capitalization of $38.47 billion, a PE ratio of -42.86 and a beta of 1.46. The firm has a fifty day simple moving average of $64.17 and a two-hundred day simple moving average of $53.53. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays decreased 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 note on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and issued a $72.00 price objective (up from $65.00) on shares of Roblox in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted 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. Wedbush reiterated an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a research note on Friday, February 7th. Finally, HSBC assumed coverage on shares of Roblox in a report on Thursday, December 12th. They issued a “buy” rating and a $63.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.19.

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.