Poinciana Advisors Group LLC Has $534,000 Stock Position in Roblox Corporation $RBLX

Poinciana Advisors Group LLC cut its stake in Roblox Corporation (NYSE:RBLX) by 23.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,074 shares of the company’s stock after selling 1,544 shares during the quarter. Poinciana Advisors Group LLC’s holdings in Roblox were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new position in Roblox in the second quarter worth $33,000. Fifth Third Bancorp lifted its position in Roblox by 124.7% during the second quarter. Fifth Third Bancorp now owns 537 shares of the company’s stock valued at $56,000 after purchasing an additional 298 shares during the last quarter. Larson Financial Group LLC increased its stake in Roblox by 819.0% in the first quarter. Larson Financial Group LLC now owns 579 shares of the company’s stock valued at $34,000 after acquiring an additional 516 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Roblox during the 1st quarter valued at about $39,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Roblox by 82.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 688 shares of the company’s stock worth $72,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several recent research reports. Cowen reiterated a “sell” rating on shares of Roblox in a research report on Monday, August 18th. Raymond James Financial lowered shares of Roblox from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $81.00 to $130.00 in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Roblox from a “sell” rating to a “hold” rating in a research note on Friday. Morgan Stanley raised their target price on shares of Roblox from $76.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Oppenheimer reissued an “outperform” rating and set a $125.00 price target (up previously from $80.00) on shares of Roblox in a research report on Wednesday, June 18th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Roblox has an average rating of “Moderate Buy” and an average price target of $126.24.

Insider Buying and Selling

In other news, CAO Amy Marie Rawlings sold 6,567 shares of the firm’s stock in a transaction 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 $5,516,596.86. This trade represents a 12.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Baszucki sold 875 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $126.72, for a total transaction of $110,880.00. Following the sale, the chief executive officer directly owned 211,559 shares in the company, valued at approximately $26,808,756.48. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 306,876 shares of company stock valued at $39,004,569 over the last quarter. Insiders own 12.92% of the company’s stock.

Roblox Trading Up 4.9%

RBLX stock opened at $141.61 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.94. The stock has a market capitalization of $91.34 billion, a price-to-earnings ratio of -99.03 and a beta of 1.62. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59. The firm’s fifty day simple moving average is $127.81 and its two-hundred day simple moving average is $97.32.

Roblox (NYSE:RBLX) last released its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. Roblox’s quarterly revenue was up 50.5% on a year-over-year basis. During the same period last year, the firm earned ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Roblox Corporation will post -1.49 earnings per share for the current year.

Roblox Company 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.