Barclays PLC Boosts Stake in Funko, Inc. (NASDAQ:FNKO)

Barclays PLC lifted its position in Funko, Inc. (NASDAQ:FNKO) by 278.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Funko by 1,541.0% in the third quarter. FMR LLC now owns 57,649 shares of the company’s stock valued at $704,000 after acquiring an additional 54,136 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Funko in the 3rd quarter valued at $860,000. Massachusetts Financial Services Co. MA raised its position in Funko by 21.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after purchasing an additional 619,114 shares during the last quarter. Quest Partners LLC boosted its stake in Funko by 160.9% during the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after purchasing an additional 4,045 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Funko during the 3rd quarter worth $196,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Insider Transactions at Funko

In other Funko news, Director Michael C. Lunsford sold 97,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the transaction, the director now owns 11,613 shares in the company, valued at approximately $120,775.20. The trade was a 89.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew David Oddie sold 27,712 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $13.67, for a total value of $378,823.04. Following the transaction, the insider now directly owns 20,186 shares of the company’s stock, valued at approximately $275,942.62. This trade represents a 57.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,720 shares of company stock worth $1,576,493. Company insiders own 4.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $16.00 target price on shares of Funko in a report on Thursday, January 2nd. Stifel Nicolaus upped their price objective on Funko from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, January 3rd.

Funko Stock Performance

NASDAQ:FNKO opened at $13.17 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The firm has a market cap of $713.29 million, a price-to-earnings ratio of -27.44 and a beta of 1.16. The firm’s fifty day moving average price is $12.17 and its 200 day moving average price is $11.18. Funko, Inc. has a 1-year low of $5.36 and a 1-year high of $14.65.

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.