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

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) gapped down before the market opened on Monday . The stock had previously closed at $7.46, but opened at $6.83. Falcon’s Beyond Global shares last traded at $6.51, with a volume of 3,194 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FBYD shares. Wall Street Zen lowered shares of Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Falcon’s Beyond Global in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Falcon’s Beyond Global Stock Performance

The stock has a 50-day moving average of $7.65 and a two-hundred day moving average of $10.79. The company has a market cap of $852.26 million, a P/E ratio of -58.67 and a beta of -1.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.31.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position 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 purchasing an additional 357,589 shares during the last quarter. Geode Capital Management LLC grew its position 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 during the last quarter. Invesco Ltd. bought a new stake in Falcon’s Beyond Global during the 4th quarter valued at about $2,555,000. State Street Corp raised its holdings in 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, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Falcon’s Beyond Global by 21.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock worth $559,000 after buying an additional 9,082 shares in the last quarter. Hedge funds and other institutional investors 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.