Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 7.8% – Still a Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) shares were up 7.8% during trading on Thursday . The stock traded as high as $4.34 and last traded at $4.3350. Approximately 21,199 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 133,805 shares. The stock had previously closed at $4.02.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen cut Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Up 13.3%

The firm’s 50 day simple moving average is $9.84 and its 200-day simple moving average is $10.79. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $551.43 million, a price-to-earnings ratio of -37.96 and a beta of -1.66.

Hedge Funds Weigh In On Falcon’s Beyond Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Falcon’s Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock valued at $4,847,000 after acquiring an additional 357,589 shares during the period. Geode Capital Management LLC raised its stake 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 valued at $4,770,000 after acquiring an additional 147,056 shares during the period. Invesco Ltd. acquired a new stake in Falcon’s Beyond Global during the 4th quarter valued at $2,555,000. State Street Corp boosted its position in Falcon’s Beyond Global by 648.9% during the fourth quarter. State Street Corp now owns 153,824 shares of the company’s stock worth $2,309,000 after purchasing an additional 133,284 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 valued at $559,000 after purchasing an additional 9,082 shares during the last quarter. 38.88% of the stock is owned by institutional investors.

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.