JPMorgan Chase & Co. Boosts Holdings in Funko, Inc. (NASDAQ:FNKO)

JPMorgan Chase & Co. grew its position in shares of Funko, Inc. (NASDAQ:FNKO) by 5,486.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 829,200 shares of the company’s stock after buying an additional 814,357 shares during the quarter. JPMorgan Chase & Co. owned 1.53% of Funko worth $10,133,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in Funko by 21.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock worth $34,609,000 after purchasing an additional 619,114 shares in the last quarter. Marshall Wace LLP grew its holdings in Funko by 160.1% during the second quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock worth $10,375,000 after acquiring an additional 654,359 shares during the period. Geode Capital Management LLC raised its position in Funko by 1.6% in the third quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock worth $9,873,000 after acquiring an additional 13,002 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Funko by 81.1% during the 2nd quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock worth $2,441,000 after purchasing an additional 112,007 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Funko in the 2nd quarter valued at about $1,138,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Funko Price Performance

Shares of NASDAQ FNKO opened at $14.38 on Monday. The company’s 50-day moving average price is $11.99 and its 200 day moving average price is $11.06. The stock has a market cap of $778.76 million, a price-to-earnings ratio of -29.96 and a beta of 1.16. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $14.65. 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 Funko news, Director Michael C. Lunsford sold 97,000 shares of Funko stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at $120,775.20. The trade was a 89.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew David Oddie sold 27,712 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the sale, the insider now directly owns 20,186 shares of the company’s stock, valued at $275,942.62. This represents a 57.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,720 shares of company stock worth $1,576,493 in the last ninety days. Insiders own 4.81% of the company’s stock.

Analyst Upgrades and Downgrades

FNKO has been the topic of a number of research analyst reports. DA Davidson reissued a “buy” rating and set a $16.00 price objective on shares of Funko in a report on Thursday, January 2nd. Stifel Nicolaus upped their price target on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, January 3rd.

Funko 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.