Falcon’s Beyond Global (NASDAQ:FBYD) Trading Up 9% – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded up 9% during trading on Wednesday . The company traded as high as $14.38 and last traded at $14.47. 35,945 shares were traded during mid-day trading, a decline of 67% from the average session volume of 110,507 shares. The stock had previously closed at $13.27.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Falcon’s Beyond Global from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market cap of $2.01 billion, a PE ratio of 80.05 and a beta of -2.79. The company’s 50 day moving average price is $11.54 and its 200-day moving average price is $11.12.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.01) earnings per share for the quarter. Falcon’s Beyond Global had a net margin of 51.31% and a negative return on equity of 8.25%. The firm had revenue of $6.59 million for the quarter.

Hedge Funds Weigh In On Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBYD. Vanguard Group Inc. increased its stake in shares of Falcon’s Beyond Global by 434.9% in 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. Geode Capital Management LLC boosted its holdings in Falcon’s Beyond Global by 86.2% in the 4th quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after buying an additional 147,056 shares during the period. Invesco Ltd. purchased a new position in Falcon’s Beyond Global in the 4th quarter valued at approximately $2,555,000. State Street Corp grew its stake in Falcon’s Beyond Global by 648.9% in the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock valued at $2,309,000 after buying an additional 133,284 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Falcon’s Beyond Global by 21.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after acquiring an additional 9,082 shares during the period. Institutional investors own 38.88% of the company’s stock.

About Falcon’s Beyond Global

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.