Raymond James Financial Inc. Lowers Holdings in Roblox Corporation $RBLX

Key Points

• Raymond James Financial Inc. has decreased its stake in Roblox Corporation by 8.2% in the first quarter, now holding approximately 384,343 shares valued at $22.4 million.
• Roblox reported (0.41) EPS for the last quarter, missing analysts' estimates but achieving $1.44 billion in revenue, up 50.5% from the previous year.
• Several hedge funds have increased their holdings in Roblox, with Gordian Capital Singapore Pte Ltd boosting its stake by 74.8% and Larson Financial Group LLC increasing theirs by 819% in just one quarter.

Raymond James Financial Inc. decreased its stake in Roblox Corporation (NYSE:RBLX - Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 384,343 shares of the company's stock after selling 34,202 shares during the quarter. Raymond James Financial Inc. owned approximately 0.06% of Roblox worth $22,403,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Roblox by 74.8% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 561 shares of the company's stock worth $32,000 after buying an additional 240 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company's stock worth $34,000 after buying an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Roblox in the first quarter worth about $39,000. Colonial Trust Co SC purchased a new stake in shares of Roblox in the fourth quarter worth about $41,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Roblox in the first quarter worth about $57,000. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Price Performance

Shares of Roblox stock opened at $124.81 on Tuesday. The business has a 50 day simple moving average of $115.73 and a two-hundred day simple moving average of $85.02. Roblox Corporation has a 12 month low of $37.50 and a 12 month high of $150.59. The stock has a market capitalization of $80.51 billion, a P/E ratio of -87.28 and a beta of 1.63. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.97 and a quick ratio of 0.97.

Roblox (NYSE:RBLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.04). Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted ($0.32) EPS. Roblox's revenue for the quarter was up 50.5% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts predict that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on RBLX shares. Piper Sandler upped their target price on Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Wells Fargo & Company increased their price target on Roblox from $116.00 to $153.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Raymond James Financial downgraded Roblox from a "strong-buy" rating to an "outperform" rating and increased their price target for the stock from $81.00 to $130.00 in a research report on Wednesday, July 23rd. Macquarie increased their price target on Roblox from $76.00 to $80.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group increased their price target on Roblox from $63.00 to $80.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Twenty investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Roblox presently has a consensus rating of "Moderate Buy" and an average price target of $119.00.

Insider Transactions at Roblox

In related news, CAO Amy Marie Rawlings sold 6,567 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $117.71, for a total value of $773,001.57. Following the completion of the sale, the chief accounting officer owned 46,866 shares of the company's stock, valued at approximately $5,516,596.86. This trade represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony P. Lee sold 66,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $129.37, for a total value of $8,538,420.00. Following the completion of the sale, the director directly owned 279,868 shares of the company's stock, valued at approximately $36,206,523.16. This represents a 19.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,935,047 shares of company stock valued at $478,661,185. 12.92% of the stock is currently owned by company insiders.

Roblox Profile

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.

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