Falcon's Beyond Global (NASDAQ:FBYD) Trading Up 7.6% - What's Next?

Falcon's Beyond Global, Inc. (NASDAQ:FBYD - Get Free Report)'s share price traded up 7.6% during trading on Friday . The company traded as high as $6.21 and last traded at $6.14. 11,585 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 17,639 shares. The stock had previously closed at $5.70.

Falcon's Beyond Global Stock Performance

The stock has a fifty day moving average of $6.64 and a 200 day moving average of $7.13. The company has a market capitalization of $712.22 million, a P/E ratio of 56.46 and a beta of -1.67.

Falcon's Beyond Global (NASDAQ:FBYD - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.13) EPS for the quarter. Falcon's Beyond Global had a net margin of 18.35% and a negative return on equity of 1.43%.

Institutional Investors Weigh In On Falcon's Beyond Global

Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Falcon's Beyond Global by 20.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company's stock worth $135,000 after purchasing an additional 2,806 shares during the last quarter. Northern Trust Corp bought a new stake in shares of Falcon's Beyond Global in the fourth quarter worth about $89,000. Geode Capital Management LLC increased its holdings in shares of Falcon's Beyond Global by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 51,084 shares of the company's stock worth $397,000 after purchasing an additional 9,499 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Falcon's Beyond Global in the first quarter worth about $124,000. Finally, AllGen Financial Advisors Inc. bought a new stake in shares of Falcon's Beyond Global in the first quarter worth about $209,000. 38.88% of the stock is owned by institutional investors.

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.