Jane Street Group LLC Sells 21,598 Shares of First Advantage Co. (NYSE:FA)

Jane Street Group LLC decreased its holdings in First Advantage Co. (NYSE:FA) by 58.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,076 shares of the company’s stock after selling 21,598 shares during the period. Jane Street Group LLC’s holdings in First Advantage were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its stake in shares of First Advantage by 49.1% during the fourth quarter. FMR LLC now owns 8,350,192 shares of the company’s stock valued at $156,399,000 after acquiring an additional 2,750,166 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of First Advantage by 48.0% during the fourth quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company’s stock valued at $139,076,000 after acquiring an additional 2,409,233 shares in the last quarter. Capital Research Global Investors raised its stake in shares of First Advantage by 4.8% during the fourth quarter. Capital Research Global Investors now owns 6,223,937 shares of the company’s stock valued at $116,574,000 after acquiring an additional 286,456 shares in the last quarter. Capital World Investors raised its stake in shares of First Advantage by 246.4% during the fourth quarter. Capital World Investors now owns 5,227,076 shares of the company’s stock valued at $97,903,000 after acquiring an additional 3,718,096 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in First Advantage by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,485,369 shares of the company’s stock valued at $84,011,000 after buying an additional 50,469 shares during the period. Institutional investors own 94.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank of Canada lowered shares of First Advantage from an “outperform” rating to a “sector perform” rating and set a $20.00 price target on the stock. in a report on Friday, May 9th. BMO Capital Markets cut their price target on shares of First Advantage from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Monday. William Blair reiterated an “outperform” rating on shares of First Advantage in a research note on Friday, February 28th. Finally, Barclays lifted their price objective on shares of First Advantage from $15.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, First Advantage presently has an average rating of “Hold” and an average target price of $66.00.

First Advantage Trading Up 3.7%

NYSE FA opened at $18.10 on Wednesday. The company has a fifty day moving average of $15.45 and a 200 day moving average of $16.93. The company has a market capitalization of $3.14 billion, a PE ratio of 603.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. First Advantage Co. has a 1 year low of $12.32 and a 1 year high of $20.79.

First Advantage (NYSE:FA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The company’s revenue was up 109.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. Research analysts forecast that First Advantage Co. will post 0.74 earnings per share for the current year.

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.