Citizens Financial Group Inc. RI Purchases Shares of 85,481 Roblox Corporation $RBLX

Citizens Financial Group Inc. RI acquired a new position in shares of Roblox Corporation (NYSE:RBLX) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 85,481 shares of the company’s stock, valued at approximately $8,993,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Emerald Advisers LLC grew its holdings in Roblox by 1.9% during the 2nd quarter. Emerald Advisers LLC now owns 6,683 shares of the company’s stock worth $703,000 after acquiring an additional 124 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Roblox by 1.9% during the second quarter. Yousif Capital Management LLC now owns 6,925 shares of the company’s stock worth $729,000 after purchasing an additional 127 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Roblox by 7.8% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,823 shares of the company’s stock valued at $192,000 after buying an additional 132 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Roblox by 21.4% in the second quarter. Farther Finance Advisors LLC now owns 801 shares of the company’s stock valued at $84,000 after buying an additional 141 shares during the last quarter. Finally, Independent Wealth Network Inc. raised its stake in Roblox by 3.9% in the second quarter. Independent Wealth Network Inc. now owns 3,885 shares of the company’s stock valued at $409,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Anthony P. Lee sold 66,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $104.07, for a total value of $6,868,620.00. Following the completion of the sale, the director directly owned 266,008 shares of the company’s stock, valued at approximately $27,683,452.56. This represents a 19.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew D. Kaufman sold 6,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $136.55, for a total transaction of $819,300.00. Following the sale, the insider owned 278,642 shares of the company’s stock, valued at $38,048,565.10. This trade represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 324,416 shares of company stock valued at $38,124,641 in the last quarter. Corporate insiders own 12.92% of the company’s stock.

Wall Street Analysts Forecast Growth

RBLX has been the subject of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of Roblox in a research report on Friday, October 31st. Morgan Stanley set a $170.00 price target on Roblox and gave the company an “overweight” rating in a report on Monday, October 13th. Bank of America increased their price target on shares of Roblox from $159.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Roth Capital restated a “neutral” rating and set a $146.00 price objective on shares of Roblox in a research report on Friday, October 17th. Finally, Wells Fargo & Company lowered their target price on shares of Roblox from $155.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.41.

Roblox Price Performance

Shares of NYSE RBLX opened at $102.25 on Monday. The stock has a market cap of $66.96 billion, a P/E ratio of -71.50 and a beta of 1.61. Roblox Corporation has a twelve month low of $47.95 and a twelve month high of $150.59. The stock has a 50 day moving average of $125.83 and a two-hundred day moving average of $112.54. 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 announced its earnings results 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 business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted ($0.37) earnings per share. The company’s revenue for the quarter was up 70.3% compared to the same quarter last year. Roblox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts forecast that Roblox Corporation will post -1.49 earnings per share for the current year.

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.