California Public Employees Retirement System Purchases 93,392 Shares of Roblox Corporation $RBLX

California Public Employees Retirement System grew its position in Roblox Corporation (NYSE:RBLX) by 10.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,024,235 shares of the company’s stock after purchasing an additional 93,392 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Roblox worth $141,877,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Roblox in the 2nd quarter valued at $350,720,000. Vanguard Group Inc. lifted its holdings in shares of Roblox by 5.6% during the third quarter. Vanguard Group Inc. now owns 62,437,998 shares of the company’s stock worth $8,648,911,000 after buying an additional 3,284,073 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Roblox by 103.0% in the second quarter. Federated Hermes Inc. now owns 3,245,338 shares of the company’s stock valued at $341,410,000 after acquiring an additional 1,646,871 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Roblox by 47.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,788,195 shares of the company’s stock valued at $503,718,000 after acquiring an additional 1,531,380 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in shares of Roblox by 359.8% in the second quarter. 1832 Asset Management L.P. now owns 1,818,394 shares of the company’s stock valued at $191,295,000 after acquiring an additional 1,422,894 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Price Performance

RBLX stock opened at $56.42 on Monday. The company’s 50-day moving average price is $69.85 and its two-hundred day moving average price is $97.25. The firm has a market cap of $37.33 billion, a P/E ratio of -36.40 and a beta of 1.62. 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 Corporation has a 12 month low of $50.10 and a 12 month high of $150.59.

Roblox (NYSE:RBLX) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $2.08 billion. Roblox had a negative net margin of 21.78% and a negative return on equity of 304.42%. The firm’s revenue for the quarter was up 122.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.33) EPS. On average, analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

RBLX has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Roblox from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Morgan Stanley decreased their target price on shares of Roblox from $155.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on shares of Roblox in a report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Roblox in a research report on Monday, December 29th. Finally, The Goldman Sachs Group reduced their price target on Roblox from $180.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. One equities research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $117.35.

Insider Activity

In other news, insider Mark Reinstra sold 60,000 shares of the business’s stock in a transaction on 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 transaction, the insider owned 394,322 shares of the company’s stock, valued at approximately $25,212,948.68. The trade was a 13.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arvind Chakravarthy sold 40,646 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $67.23, for a total value of $2,732,630.58. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 703,144 shares of company stock valued at $51,681,640. Corporate insiders own 12.92% of the company’s stock.

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.