Falcon’s Beyond Global (NASDAQ:FBYD) Shares Gap Up – Here’s What Happened

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped up before the market opened on Friday . The stock had previously closed at $6.12, but opened at $6.35. Falcon’s Beyond Global shares last traded at $6.6350, with a volume of 19,383 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FBYD. Weiss Ratings reiterated a “sell (d+)” rating on shares of Falcon’s Beyond Global in a report on Monday, December 22nd. Wall Street Zen lowered Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Up 18.1%

The firm has a market cap of $875.26 million, a price-to-earnings ratio of -60.25 and a beta of -1.68. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $6.15 and a 200-day moving average price of $10.73.

Institutional Trading of Falcon’s Beyond Global

Several large investors have recently bought and sold shares of FBYD. Vanguard Group Inc. lifted its position in shares of 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 in the last quarter. Invesco Ltd. purchased a new position in shares of Falcon’s Beyond Global in the fourth quarter valued at $2,555,000. Geode Capital Management LLC grew its holdings in Falcon’s Beyond Global by 86.2% during the 4th 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 in the last quarter. State Street Corp grew its holdings in Falcon’s Beyond Global by 648.9% during the 4th quarter. State Street Corp now owns 153,824 shares of the company’s stock valued at $2,309,000 after purchasing an additional 133,284 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Falcon’s Beyond Global during the 4th quarter worth $658,000. 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.