AQR Capital Management LLC Purchases 261,984 Shares of Roblox Corporation $RBLX

AQR Capital Management LLC increased its position in shares of Roblox Corporation (NYSE:RBLX) by 3.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,032,411 shares of the company’s stock after buying an additional 261,984 shares during the period. Roblox accounts for 0.8% of AQR Capital Management LLC’s holdings, making the stock its 7th biggest holding. AQR Capital Management LLC owned about 1.40% of Roblox worth $948,222,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Townsquare Capital LLC raised its position in shares of Roblox by 46.8% in the 1st quarter. Townsquare Capital LLC now owns 16,917 shares of the company’s stock worth $986,000 after acquiring an additional 5,394 shares in the last quarter. Invesco Ltd. boosted its position in shares of Roblox by 5.6% during the 1st quarter. Invesco Ltd. now owns 1,698,813 shares of the company’s stock valued at $99,024,000 after purchasing an additional 90,788 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in Roblox by 7.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 146,152 shares of the company’s stock worth $8,535,000 after purchasing an additional 10,338 shares during the period. Prudential PLC increased its holdings in Roblox by 104.2% in the first quarter. Prudential PLC now owns 9,796 shares of the company’s stock worth $571,000 after purchasing an additional 4,999 shares in the last quarter. Finally, Fox Run Management L.L.C. lifted its stake in Roblox by 56.5% in the first quarter. Fox Run Management L.L.C. now owns 12,161 shares of the company’s stock valued at $709,000 after buying an additional 4,390 shares during the period. Institutional investors own 94.46% of the company’s stock.

Roblox Trading Down 6.3%

Shares of Roblox stock opened at $88.42 on Friday. The company has a market capitalization of $57.90 billion, a P/E ratio of -61.83 and a beta of 1.62. The stock has a fifty day simple moving average of $110.03 and a 200 day simple moving average of $114.51. Roblox Corporation has a 12-month low of $50.10 and a 12-month high of $150.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.54.

Roblox (NYSE:RBLX) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.07. Roblox had a negative net margin of 21.70% and a negative return on equity of 314.20%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm earned ($0.37) EPS. The business’s revenue for the quarter was up 70.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on RBLX. Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Benchmark reaffirmed a “hold” rating on shares of Roblox in a research note on Friday, October 31st. Wells Fargo & Company cut their price objective on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. JPMorgan Chase & Co. downgraded Roblox from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $145.00 to $100.00 in a research note on Friday. Finally, Bank of America boosted their target price on Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.88.

Insider Transactions at Roblox

In related news, CEO David Baszucki sold 10,584 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $95.24, for a total transaction of $1,008,020.16. Following the completion of the sale, the chief executive officer directly owned 190,574 shares of the company’s stock, valued at approximately $18,150,267.76. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Naveen K. Chopra sold 19,424 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $95.23, for a total value of $1,849,747.52. Following the completion of the transaction, the chief financial officer directly owned 337,036 shares in the company, valued at approximately $32,095,938.28. This represents a 5.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 382,508 shares of company stock worth $40,838,541. Company insiders own 12.92% 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.