Falcon’s Beyond Global (NASDAQ:FBYD) Sees Large Volume Increase – Time to Buy?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) saw unusually-high trading volume on Tuesday . Approximately 58,303 shares traded hands during mid-day trading, a decline of 52% from the previous session’s volume of 122,059 shares.The stock last traded at $11.1450 and had previously closed at $13.07.

Analyst Ratings Changes

Several research analysts have commented on FBYD shares. Wall Street Zen upgraded Falcon’s Beyond Global from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings raised shares of Falcon’s Beyond Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Falcon’s Beyond Global Price Performance

The business has a fifty day moving average price of $15.08 and a 200-day moving average price of $11.32. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.52 billion, a PE ratio of 59.67 and a beta of -2.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Falcon’s Beyond Global by 434.9% in the 3rd quarter. Vanguard Group Inc. now owns 439,813 shares of the company’s stock worth $4,847,000 after acquiring an additional 357,589 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Falcon’s Beyond Global by 8,008.5% during the third quarter. Bank of America Corp DE now owns 3,811 shares of the company’s stock valued at $42,000 after buying an additional 3,764 shares during the last quarter. Strs Ohio bought a new position in Falcon’s Beyond Global during the 4th quarter worth approximately $39,000. Global Retirement Partners LLC bought a new position in shares of Falcon’s Beyond Global in the fourth quarter worth approximately $30,000. Finally, Geode Capital Management LLC increased 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 acquiring an additional 147,056 shares during the period. 38.88% of the stock is currently owned by institutional investors.

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.