Falcon’s Beyond Global (NASDAQ:FBYD) Shares Down 6.4% – Here’s What Happened

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price traded down 6.4% during trading on Friday . The company traded as low as $11.80 and last traded at $11.46. 7,333 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 123,552 shares. The stock had previously closed at $12.24.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Wall Street Zen raised shares of Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Falcon’s Beyond Global presently has an average rating of “Hold”.

Falcon’s Beyond Global Trading Down 14.3%

The company has a fifty day simple moving average of $15.07 and a two-hundred day simple moving average of $11.29. The company has a market capitalization of $1.27 billion, a P/E ratio of 49.92 and a beta of -2.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45.

Institutional Investors Weigh In On Falcon’s Beyond Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in 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 during the period. Geode Capital Management LLC raised its position in shares of Falcon’s Beyond Global by 86.2% in the fourth quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock valued at $4,770,000 after purchasing an additional 147,056 shares during the period. Invesco Ltd. acquired a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth $2,555,000. State Street Corp lifted its stake in shares of Falcon’s Beyond Global by 648.9% in the fourth quarter. State Street Corp now owns 153,824 shares of the company’s stock worth $2,309,000 after buying an additional 133,284 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Falcon’s Beyond Global during the 4th quarter worth $658,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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.