Landscape Capital Management L.L.C. Decreases Stake in Roblox Corporation $RBLX

Landscape Capital Management L.L.C. lessened its position in shares of Roblox Corporation (NYSE:RBLX) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,128 shares of the company’s stock after selling 15,388 shares during the quarter. Roblox comprises 0.6% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 25th biggest holding. Landscape Capital Management L.L.C.’s holdings in Roblox were worth $9,437,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RBLX. NewEdge Advisors LLC increased its holdings in shares of Roblox by 2.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,236 shares of the company’s stock worth $597,000 after buying an additional 231 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Roblox by 70.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 13,000 shares of the company’s stock valued at $1,368,000 after acquiring an additional 5,363 shares during the last quarter. Atria Investments Inc purchased a new position in Roblox in the second quarter worth about $217,000. Prospera Financial Services Inc increased its stake in Roblox by 7.5% during the second quarter. Prospera Financial Services Inc now owns 10,433 shares of the company’s stock worth $1,098,000 after acquiring an additional 725 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Roblox during the second quarter worth approximately $285,000. Institutional investors own 94.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RBLX. B. Riley Financial initiated coverage on shares of Roblox in a research report on Tuesday, December 9th. They set a “buy” rating and a $125.00 price objective on the stock. UBS Group set a $74.00 price target on shares of Roblox in a research note on Friday, February 6th. The Goldman Sachs Group cut their price target on shares of Roblox from $180.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Roblox in a research report on Monday, December 29th. Finally, Wolfe Research set a $100.00 price objective on shares of Roblox in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.35.

Roblox Trading Up 2.6%

NYSE:RBLX traded up $1.44 during midday trading on Friday, hitting $57.74. The stock had a trading volume of 1,440,983 shares, compared to its average volume of 12,606,101. The stock has a 50-day moving average of $70.34 and a 200 day moving average of $98.10. The company has a market capitalization of $38.20 billion, a price-to-earnings ratio of -37.33 and a beta of 1.62. Roblox Corporation has a one year low of $50.10 and a one year high of $150.59. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.65.

Roblox (NYSE:RBLX) last issued its earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.04. Roblox had a negative return on equity of 304.42% and a negative net margin of 21.78%.The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the company posted ($0.33) EPS. Roblox’s revenue was up 122.6% on a year-over-year basis. As a group, sell-side analysts forecast that Roblox Corporation will post -1.49 EPS for the current year.

Insider Transactions at Roblox

In related news, Director Anthony P. Lee sold 7,000 shares of Roblox stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $82.45, for a total value of $577,150.00. Following the completion of the sale, the director directly owned 256,768 shares in the company, valued at $21,170,521.60. The trade was a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark Reinstra sold 60,000 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $63.94, for a total transaction of $3,836,400.00. Following the completion of the sale, the insider directly owned 394,322 shares of the company’s stock, valued at approximately $25,212,948.68. This trade represents a 13.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 703,144 shares of company stock valued at $51,681,640 over the last three months. 12.92% of the stock is currently owned by corporate insiders.

Roblox Company Profile

Roblox Corporation operates Roblox, a user-generated online platform that enables people to create, share and monetize immersive 3D experiences and games. The core offering centers on Roblox Studio, a development environment that allows independent creators and studios to design interactive worlds using the company’s building tools and scripting language. Content on the platform spans games, virtual hangouts, branded experiences and live events, all delivered through a persistent social environment.

Roblox’s business model is built around its virtual economy and creator ecosystem.