Falcon’s Beyond Global (NASDAQ:FBYD) Stock Price Up 4% – Should You Buy?

Falcon’s Beyond Global, Inc. (NASDAQ:FBYD)’s stock price was up 4% on Tuesday . The company traded as high as $8.69 and last traded at $8.66. Approximately 11,943 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 14,754 shares. The stock had previously closed at $8.32.

Falcon’s Beyond Global Price Performance

The company’s 50 day moving average is $6.71 and its 200-day moving average is $7.61.

Hedge Funds Weigh In On Falcon’s Beyond Global

Several large investors have recently made changes to their positions in FBYD. Wealth Enhancement Advisory Services LLC grew its stake in shares of Falcon’s Beyond Global by 20.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,841 shares of the company’s stock worth $135,000 after buying an additional 2,806 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 acquiring an additional 9,499 shares in the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of Falcon’s Beyond Global in the fourth quarter worth $89,000. 38.88% of the stock is currently owned by hedge funds and other 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.