Falcon’s Beyond Global (NASDAQ:FBYD) Announces Quarterly Earnings Results

Falcon’s Beyond Global (NASDAQ:FBYD) issued its quarterly earnings results on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, reports. Falcon’s Beyond Global had a negative return on equity of 164.17% and a net margin of 19.06%.The business had revenue of $6.59 million for the quarter.

Falcon’s Beyond Global Stock Performance

NASDAQ:FBYD opened at $13.91 on Wednesday. The stock has a market cap of $1.68 billion, a P/E ratio of 463.57 and a beta of -1.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.31 and a quick ratio of 0.31. Falcon’s Beyond Global has a 1-year low of $3.71 and a 1-year high of $29.02. The firm has a 50-day moving average of $6.38 and a two-hundred day moving average of $10.82.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Falcon’s Beyond Global

Several large investors have recently bought and sold shares of FBYD. Vanguard Group Inc. increased 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 valued at $4,847,000 after purchasing an additional 357,589 shares during the period. Geode Capital Management LLC lifted its position in shares of Falcon’s Beyond Global by 86.2% during the fourth quarter. Geode Capital Management LLC now owns 317,709 shares of the company’s stock worth $4,770,000 after purchasing an additional 147,056 shares in the last quarter. Invesco Ltd. bought a new position in Falcon’s Beyond Global in the 4th quarter valued at $2,555,000. State Street Corp boosted 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 valued at $2,309,000 after acquiring an additional 133,284 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Falcon’s Beyond Global by 21.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 50,739 shares of the company’s stock valued at $559,000 after purchasing an additional 9,082 shares during the last quarter. 38.88% of the stock is currently owned by institutional investors and hedge funds.

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.