Lecap Asset Management Ltd. Takes $524,000 Position in Roblox Co. (NYSE:RBLX)

Lecap Asset Management Ltd. purchased a new stake in Roblox Co. (NYSE:RBLX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,057 shares of the company's stock, valued at approximately $524,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in Roblox by 24.5% in the third quarter. FMR LLC now owns 20,942,691 shares of the company's stock valued at $926,924,000 after acquiring an additional 4,115,286 shares during the last quarter. State Street Corp boosted its holdings in Roblox by 2.3% in the third quarter. State Street Corp now owns 10,855,890 shares of the company's stock valued at $480,482,000 after acquiring an additional 240,565 shares during the last quarter. ValueAct Holdings L.P. boosted its holdings in Roblox by 340.7% in the third quarter. ValueAct Holdings L.P. now owns 10,135,921 shares of the company's stock valued at $448,616,000 after acquiring an additional 7,835,921 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Roblox by 5.2% in the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company's stock valued at $368,003,000 after acquiring an additional 408,915 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Roblox by 32.9% in the third quarter. Two Sigma Advisers LP now owns 5,864,800 shares of the company's stock valued at $259,576,000 after acquiring an additional 1,452,900 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RBLX has been the topic of several recent research reports. HSBC initiated coverage on Roblox in a report on Thursday, December 12th. They issued a "buy" rating and a $63.00 price target on the stock. Moffett Nathanson lowered Roblox from a "neutral" rating to a "sell" rating and set a $34.00 target price on the stock. in a research note on Friday, February 7th. Wedbush reissued an "outperform" rating and issued a $83.00 target price on shares of Roblox in a research note on Friday, February 7th. Citigroup increased their target price on Roblox from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley increased their target price on Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $64.19.

Roblox Price Performance

NYSE RBLX traded down $1.87 during midday trading on Wednesday, hitting $64.18. The company had a trading volume of 6,726,680 shares, compared to its average volume of 9,576,813. The company has a market capitalization of $38.99 billion, a PE ratio of -44.26 and a beta of 1.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 5.64. The firm has a 50-day moving average price of $62.98 and a 200-day moving average price of $51.11. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74.

Roblox (NYSE:RBLX - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.13. Roblox had a negative return on equity of 795.19% and a negative net margin of 25.97%. As a group, analysts anticipate that Roblox Co. will post -1.4 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO David Baszucki sold 6,460 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total transaction of $332,237.80. Following the completion of the sale, the chief executive officer now owns 129,295 shares of the company's stock, valued at $6,649,641.85. This trade represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amy Marie Rawlings sold 6,054 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $51.43, for a total value of $311,357.22. Following the sale, the chief accounting officer now directly owns 85,008 shares of the company's stock, valued at $4,371,961.44. This represents a 6.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,306,335 shares of company stock valued at $77,348,316. Company insiders own 22.15% of the company's stock.

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.