Landscape Capital Management L.L.C. Decreases Stock Holdings in Roblox Co. (NYSE:RBLX)

Landscape Capital Management L.L.C. lessened its stake in Roblox Co. (NYSE:RBLX) by 45.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,044 shares of the company’s stock after selling 60,713 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Roblox were worth $3,189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Impact Partnership Wealth LLC lifted its stake in Roblox by 3.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after buying an additional 245 shares in the last quarter. Swedbank AB raised its holdings in shares of Roblox by 0.5% during the second quarter. Swedbank AB now owns 53,297 shares of the company’s stock valued at $1,983,000 after acquiring an additional 285 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Roblox by 5.0% in the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock valued at $266,000 after acquiring an additional 288 shares in the last quarter. Thrive Wealth Management LLC boosted its stake in shares of Roblox by 4.3% in the second quarter. Thrive Wealth Management LLC now owns 7,358 shares of the company’s stock worth $274,000 after acquiring an additional 300 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Roblox by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after purchasing an additional 321 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Roblox from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up previously from $56.00) on shares of Roblox in a research note on Friday, November 1st. Barclays raised their target price on shares of Roblox from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Wells Fargo & Company increased their price target on Roblox from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Roblox from $51.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.30.

Insider Activity at Roblox

In related news, CAO Amy Marie Rawlings sold 2,186 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.90, for a total transaction of $115,639.40. Following the transaction, the chief accounting officer now directly owns 91,062 shares in the company, valued at approximately $4,817,179.80. This represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Arvind Chakravarthy sold 592 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $43.32, for a total transaction of $25,645.44. Following the transaction, the insider now directly owns 276,892 shares of the company’s stock, valued at $11,994,961.44. This trade represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 974,620 shares of company stock valued at $46,189,557. Insiders own 22.15% of the company’s stock.

Roblox Stock Performance

Shares of Roblox stock opened at $51.51 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $55.10. The company has a 50 day moving average of $45.85 and a 200 day moving average of $40.82.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.02. The firm had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.45) EPS. On average, research analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

About Roblox

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.