Fmr LLC Has $156.40 Million Holdings in First Advantage Co. (NYSE:FA)

FMR LLC increased its stake in First Advantage Co. (NYSE:FA - Free Report) by 49.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,350,192 shares of the company's stock after purchasing an additional 2,750,166 shares during the quarter. FMR LLC owned approximately 4.84% of First Advantage worth $156,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pictet Asset Management Holding SA purchased a new position in shares of First Advantage during the fourth quarter valued at $210,000. Brighton Jones LLC acquired a new position in shares of First Advantage in the 4th quarter valued at about $257,000. Truist Financial Corp lifted its position in shares of First Advantage by 37.4% in the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock worth $358,000 after purchasing an additional 5,197 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in First Advantage by 17.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,626 shares of the company's stock valued at $368,000 after purchasing an additional 2,938 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in First Advantage in the 4th quarter valued at approximately $375,000. Institutional investors and hedge funds own 94.91% of the company's stock.

First Advantage Stock Performance

Shares of NYSE FA traded down $0.32 during trading hours on Friday, hitting $13.47. 993,097 shares of the stock were exchanged, compared to its average volume of 747,192. The firm has a market capitalization of $2.34 billion, a P/E ratio of 449.00 and a beta of 1.20. First Advantage Co. has a one year low of $12.32 and a one year high of $20.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company's 50 day moving average is $15.16 and its 200 day moving average is $17.56.

Analyst Ratings Changes

Several research firms have recently commented on FA. BMO Capital Markets lowered their price target on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 price target on shares of First Advantage in a research note on Thursday, January 23rd. Barclays reissued an "equal weight" rating and issued a $15.00 price target (down previously from $20.00) on shares of First Advantage in a research note on Thursday, April 10th. Finally, William Blair reissued an "outperform" rating on shares of First Advantage in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $65.80.

About First Advantage

First Advantage Corporation provides employment background screening, identity, and verification solutions worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.