Jennison Associates LLC Has $8.10 Million Stock Position in First Advantage Co. (NYSE:FA)

Jennison Associates LLC lifted its stake in First Advantage Co. (NYSE:FA - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 432,387 shares of the company's stock after acquiring an additional 98,500 shares during the period. Jennison Associates LLC owned 0.25% of First Advantage worth $8,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in First Advantage by 50.8% during the third quarter. FMR LLC now owns 5,600,026 shares of the company's stock worth $111,161,000 after buying an additional 1,886,716 shares in the last quarter. Cortland Associates Inc. MO acquired a new stake in shares of First Advantage during the 4th quarter valued at $24,328,000. Geode Capital Management LLC boosted its stake in shares of First Advantage by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,294,063 shares of the company's stock worth $25,692,000 after acquiring an additional 9,718 shares in the last quarter. State Street Corp grew its holdings in shares of First Advantage by 6.1% in the 3rd quarter. State Street Corp now owns 1,253,081 shares of the company's stock worth $24,874,000 after acquiring an additional 72,400 shares during the last quarter. Finally, Emerald Advisers LLC raised its position in shares of First Advantage by 2.1% during the third quarter. Emerald Advisers LLC now owns 1,183,050 shares of the company's stock worth $23,484,000 after purchasing an additional 24,217 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.

First Advantage Price Performance

Shares of First Advantage stock remained flat at $18.99 on Friday. 842,711 shares of the stock traded hands, compared to its average volume of 486,470. First Advantage Co. has a fifty-two week low of $14.01 and a fifty-two week high of $20.79. 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 company has a market cap of $3.28 billion, a P/E ratio of 23.74 and a beta of 1.17. The stock's 50-day moving average is $18.76 and its 200-day moving average is $18.67.

First Advantage (NYSE:FA - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The firm had revenue of $199.10 million for the quarter, compared to the consensus estimate of $204.39 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business's quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that First Advantage Co. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of First Advantage in a research report on Wednesday, November 13th. William Blair reiterated an "outperform" rating on shares of First Advantage in a report on Wednesday, December 11th. Barclays restated an "overweight" rating and set a $22.00 price target on shares of First Advantage in a report on Wednesday, November 20th. BMO Capital Markets assumed coverage on shares of First Advantage in a research note on Wednesday, December 11th. They issued an "outperform" rating and a $20.00 price objective for the company. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $22.00 target price on shares of First Advantage in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.29.

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.