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

Falcon’s Beyond Global (NASDAQ:FBYD) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Weiss Ratings restated 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.com, Falcon’s Beyond Global presently has a consensus rating of “Sell”.

Falcon’s Beyond Global Stock Up 14.3%

Shares of NASDAQ:FBYD opened at $6.89 on Friday. The stock has a 50-day simple moving average of $13.90 and a 200-day simple moving average of $10.99. The stock has a market capitalization of $834.10 million, a P/E 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 debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31.

Falcon’s Beyond Global (NASDAQ:FBYD) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.13) earnings per share for the quarter. Falcon’s Beyond Global had a net margin of 10.57% and a negative return on equity of 16.17%. The business had revenue of $4.05 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clear Street Group Inc. acquired a new stake in Falcon’s Beyond Global during the 3rd quarter valued at $53,000. Bank of America Corp DE lifted its holdings in Falcon’s Beyond Global by 8,008.5% in the 3rd 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 in the last quarter. Vanguard Group Inc. boosted its position in 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 buying an additional 357,589 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Falcon’s Beyond Global by 21.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after buying an additional 9,082 shares during the last quarter. Finally, AllGen Financial Advisors Inc. grew its stake in shares of 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 acquiring an additional 19,157 shares in the last quarter. 38.88% of the stock is currently owned by hedge funds and other 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.