First Advantage Co. (NYSE:FA) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of First Advantage Co. (NYSE:FA - Free Report) by 15.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,490,395 shares of the company's stock after purchasing an additional 196,332 shares during the period. Geode Capital Management LLC owned approximately 0.86% of First Advantage worth $27,921,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC grew its stake in First Advantage by 57.3% in the 3rd quarter. Barclays PLC now owns 81,669 shares of the company's stock valued at $1,621,000 after acquiring an additional 29,752 shares during the last quarter. Vanguard Group Inc. increased its position in First Advantage by 48.0% during the fourth quarter. Vanguard Group Inc. now owns 7,425,305 shares of the company's stock worth $139,076,000 after buying an additional 2,409,233 shares in the last quarter. Truist Financial Corp boosted its stake in shares of First Advantage by 37.4% during the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock valued at $358,000 after acquiring an additional 5,197 shares during the last quarter. Cortland Associates Inc. MO purchased a new position in First Advantage in the 4th quarter valued at about $24,328,000. Finally, State Street Corp raised its position in shares of First Advantage by 6.1% in the third quarter. State Street Corp now owns 1,253,081 shares of the company's stock valued at $24,874,000 after buying an additional 72,400 shares during the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

First Advantage Stock Performance

Shares of NYSE:FA traded up $0.47 during trading hours on Tuesday, hitting $13.46. The stock had a trading volume of 437,476 shares, compared to its average volume of 748,995. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.85 and a current ratio of 3.85. The stock's fifty day simple moving average is $14.90 and its 200 day simple moving average is $17.43. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 449.83 and a beta of 1.20. First Advantage Co. has a 1-year low of $12.32 and a 1-year high of $20.79.

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.