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 note issued to investors on Friday morning.

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

Falcon’s Beyond Global Trading Up 14.3%

Shares of Falcon’s Beyond Global stock opened at $6.89 on Friday. The firm’s 50 day moving average is $13.90 and its 200 day moving average is $10.99. The firm has a market capitalization of $834.10 million, a PE ratio of -57.42 and a beta of -1.80. Falcon’s Beyond Global has a 1 year low of $3.62 and a 1 year high of $29.02. 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 (NASDAQ:FBYD) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.13) EPS for the quarter. The company had revenue of $4.05 million during the quarter. Falcon’s Beyond Global had a net margin of 10.57% and a negative return on equity of 16.17%.

Institutional Investors Weigh In On Falcon’s Beyond Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted 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 valued at $559,000 after acquiring an additional 9,082 shares during the last quarter. Clear Street Group Inc. acquired a new position in shares of Falcon’s Beyond Global in the 3rd quarter worth approximately $53,000. Vanguard Group Inc. boosted its stake 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 purchasing an additional 357,589 shares during the last quarter. Bank of America Corp DE increased 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 buying an additional 3,764 shares during the period. Finally, AllGen Financial Advisors Inc. raised its stake 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 worth $476,000 after buying an additional 19,157 shares during the last quarter. Institutional investors and hedge funds own 38.88% of the company’s stock.

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.