Western Financial Corp CA Makes New Investment in Roblox Corporation (NYSE:RBLX)

Western Financial Corp CA purchased a new position in shares of Roblox Corporation (NYSE:RBLX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,119 shares of the company's stock, valued at approximately $1,114,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MetLife Investment Management LLC boosted its stake in Roblox by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 32,374 shares of the company's stock worth $1,873,000 after purchasing an additional 161 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of Roblox by 25.6% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after buying an additional 195 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Roblox by 44.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after acquiring an additional 230 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its stake in Roblox by 74.8% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its stake in Roblox by 2.5% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 13,614 shares of the company's stock valued at $794,000 after acquiring an additional 327 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Roblox Trading Up 2.1%

NYSE RBLX traded up $2.12 on Thursday, reaching $104.96. The stock had a trading volume of 6,695,062 shares, compared to its average volume of 7,970,176. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.39. The stock has a fifty day moving average price of $82.30 and a two-hundred day moving average price of $68.52. Roblox Corporation has a 12-month low of $35.27 and a 12-month high of $105.76. The firm has a market capitalization of $71.19 billion, a price-to-earnings ratio of -78.32 and a beta of 1.56.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. Roblox had a negative return on equity of 442.68% and a negative net margin of 22.94%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned ($0.43) EPS. The company's quarterly revenue was up 30.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Matthew D. Kaufman sold 6,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $103.35, for a total value of $620,100.00. Following the completion of the sale, the insider now owns 319,223 shares in the company, valued at $32,991,697.05. This trade represents a 1.84% 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 229,167 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $52.48, for a total value of $12,026,684.16. Following the transaction, the chief executive officer now owns 221,983 shares in the company, valued at $11,649,667.84. The trade was a 50.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,712,649 shares of company stock worth $584,262,803. Corporate insiders own 12.92% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RBLX. Benchmark boosted their target price on Roblox from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Oppenheimer reiterated an "outperform" rating and set a $125.00 price objective (up previously from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Macquarie boosted their price objective on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Needham & Company LLC reaffirmed a "buy" rating on shares of Roblox in a research note on Friday, May 2nd. Finally, Citigroup reiterated an "overweight" rating on shares of Roblox in a report on Monday, June 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $78.04.

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.