First Advantage Co. (NYSE:FA) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in First Advantage Co. (NYSE:FA - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,485,369 shares of the company's stock after purchasing an additional 50,469 shares during the period. JPMorgan Chase & Co. owned about 2.60% of First Advantage worth $84,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in shares of First Advantage in the third quarter valued at approximately $250,000. Brighton Jones LLC purchased a new stake in First Advantage in the 4th quarter worth $257,000. Truist Financial Corp raised its position in First Advantage by 37.4% during the fourth quarter. Truist Financial Corp now owns 19,095 shares of the company's stock worth $358,000 after acquiring an additional 5,197 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings 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 stake in shares of First Advantage in the fourth quarter valued at about $375,000. Institutional investors and hedge funds own 94.91% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on FA shares. BMO Capital Markets reduced their price target on shares of First Advantage from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, March 3rd. William Blair reissued an "outperform" rating on shares of First Advantage in a report on Friday, February 28th. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 target price on shares of First Advantage in a research report on Thursday, January 23rd. Finally, Barclays dropped their price target on First Advantage from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $66.80.

Remove Ads

First Advantage Price Performance

FA traded up $0.39 during trading on Tuesday, reaching $13.74. The company's stock had a trading volume of 103,535 shares, compared to its average volume of 712,363. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $16.17 and a two-hundred day simple moving average of $17.91. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 457.37 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.