Barclays PLC Raises Holdings in Funko, Inc. (NASDAQ:FNKO)

Barclays PLC boosted its position in Funko, Inc. (NASDAQ:FNKO) by 278.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,972 shares of the company’s stock after purchasing an additional 30,147 shares during the quarter. Barclays PLC owned approximately 0.08% of Funko worth $501,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Funko by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 113,833 shares of the company’s stock worth $1,111,000 after acquiring an additional 10,034 shares during the last quarter. Rhumbline Advisers increased its holdings in Funko by 9.0% in the 2nd quarter. Rhumbline Advisers now owns 54,180 shares of the company’s stock worth $529,000 after acquiring an additional 4,475 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Funko during the 2nd quarter worth about $388,000. Quest Partners LLC purchased a new position in shares of Funko in the second quarter valued at approximately $25,000. Finally, Chesapeake Capital Corp IL acquired a new stake in Funko during the 2nd quarter worth $336,000. Institutional investors own 99.15% of the company’s stock.

Funko Trading Up 1.6 %

Shares of Funko stock opened at $13.60 on Friday. The company has a 50-day moving average of $11.70 and a two-hundred day moving average of $10.87. The stock has a market cap of $736.52 million, a PE ratio of -28.33 and a beta of 1.22. Funko, Inc. has a 12-month low of $5.36 and a 12-month high of $14.07. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

Insider Buying and Selling

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

Analysts Set New Price Targets

FNKO has been the subject of several analyst reports. Stifel Nicolaus upped their target price on Funko from $9.00 to $10.50 and gave the company a “hold” rating in a report on Tuesday, October 22nd. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Funko in a research report on Thursday. Finally, B. Riley lifted their price objective on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, September 12th.

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.