Falcon’s Beyond Global (NASDAQ:FBYD) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Falcon’s Beyond Global (NASDAQ:FBYD) from a sell rating to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

Falcon’s Beyond Global stock opened at $11.28 on Friday. The company has a market cap of $1.37 billion, a PE ratio of 376.00 and a beta of -3.77. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. Falcon’s Beyond Global has a 1 year low of $3.71 and a 1 year high of $29.02. The company’s 50-day moving average is $6.69 and its two-hundred day moving average is $10.83.

Falcon’s Beyond Global (NASDAQ:FBYD) last issued its quarterly earnings results on Monday, March 30th. The company reported ($0.01) EPS for the quarter. The business had revenue of $6.59 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 164.17% and a net margin of 19.06%.

Institutional Trading of Falcon’s Beyond Global

A number of hedge funds have recently modified their holdings of FBYD. AllGen Financial Advisors Inc. grew its holdings in Falcon’s Beyond Global by 79.8% during the third quarter. AllGen Financial Advisors Inc. now owns 43,173 shares of the company’s stock valued at $476,000 after purchasing an additional 19,157 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Falcon’s Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after purchasing an additional 9,082 shares during the period. Vanguard Group Inc. boosted its position in shares of Falcon’s Beyond Global by 434.9% during the third quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after purchasing an additional 357,589 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Falcon’s Beyond Global by 8,008.5% during the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock worth $42,000 after purchasing an additional 3,764 shares in the last quarter. Finally, Clear Street Group Inc. acquired a new position in shares of Falcon’s Beyond Global in the 3rd quarter valued at $53,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

Falcon’s Beyond Global Company Profile

Falcon’s Beyond Global, Inc is an experiential entertainment development enterprise. It connects the world by bringing stories to life through theme parks, resorts, animation, consumer products, gaming, and movies. The company propels intellectual property activations concurrently across physical and digital experiences through three core business units. Falcon’s Creative Group is a themed entertainment and master planning firm. Falcon’s Beyond Destinations develops, owns, and operates global entertainment destinations from resorts, theme parks, and attractions to retail, dining and location-based entertainment venues.