Funko, Inc. (NASDAQ:FNKO) Holdings Lifted by Barclays PLC

Barclays PLC boosted its holdings in Funko, Inc. (NASDAQ:FNKO) by 278.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 40,972 shares of the company’s stock after buying an additional 30,147 shares during the quarter. Barclays PLC’s holdings in Funko were worth $501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FNKO. Quest Partners LLC acquired a new stake in Funko during the 2nd quarter worth about $25,000. Walleye Capital LLC acquired a new stake in Funko in the 3rd quarter worth approximately $129,000. SG Americas Securities LLC acquired a new stake in shares of Funko in the third quarter worth $136,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Funko during the second quarter valued at about $121,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Funko during the 3rd quarter valued at approximately $196,000. 99.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Funko

In related news, insider Tracy D. Daw sold 14,650 shares of Funko stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $12.55, for a total value of $183,857.50. Following the sale, the insider now owns 6,362 shares of the company’s stock, valued at approximately $79,843.10. This trade represents a 69.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael C. Lunsford sold 97,000 shares of Funko stock in a transaction on Friday, November 15th. The shares were sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the completion of the sale, the director now owns 11,613 shares in the company, valued at $120,775.20. The trade was a 89.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.81% of the company’s stock.

Wall Street Analysts Forecast Growth

FNKO has been the topic of a number of recent research reports. B. Riley lifted their target price on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Stifel Nicolaus increased their target price on shares of Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Funko in a research report on Thursday.

Funko Stock Up 1.6 %

Shares of NASDAQ FNKO opened at $13.60 on Friday. Funko, Inc. has a 1 year low of $5.36 and a 1 year high of $14.07. The firm has a market capitalization of $736.52 million, a PE ratio of -28.33 and a beta of 1.22. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average is $11.70 and its 200-day moving average is $10.87.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.