First Advantage Co. (NYSE:FA) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in First Advantage Co. (NYSE:FA) by 15.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,490,395 shares of the company’s stock after purchasing an additional 196,332 shares during the quarter. Geode Capital Management LLC owned 0.86% of First Advantage worth $27,921,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of First Advantage by 48.0% in the fourth quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after buying an additional 2,409,233 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of First Advantage by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company’s stock worth $84,011,000 after purchasing an additional 50,469 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of First Advantage in the 4th quarter valued at about $71,695,000. American Century Companies Inc. grew its stake in First Advantage by 337.3% during the 4th quarter. American Century Companies Inc. now owns 3,584,054 shares of the company’s stock worth $67,129,000 after buying an additional 2,764,534 shares during the last quarter. Finally, Boston Partners grew its position in shares of First Advantage by 2.3% during the fourth quarter. Boston Partners now owns 2,205,291 shares of the company’s stock worth $41,253,000 after acquiring an additional 50,240 shares during the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price objective on shares of First Advantage in a research report on Thursday, January 23rd. Barclays restated an “equal weight” rating and issued a $15.00 target price (down previously from $20.00) on shares of First Advantage in a research note on Thursday, April 10th. Finally, BMO Capital Markets reduced their price target on First Advantage from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.80.

First Advantage Trading Down 2.3 %

Shares of FA stock opened at $13.47 on Friday. The business has a fifty day simple moving average of $15.16 and a 200-day simple moving average of $17.56. The stock has a market cap of $2.34 billion, a P/E ratio of 449.00 and a beta of 1.20. First Advantage Co. has a fifty-two week low of $12.32 and a fifty-two week high of $20.79. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

First Advantage Company Profile

First Advantage Corporation provides employment background screening, identity, and verification solutions worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.