Assenagon Asset Management S.A. Sells 599,473 Shares of Funko, Inc. (NASDAQ:FNKO)

Assenagon Asset Management S.A. reduced its position in Funko, Inc. (NASDAQ:FNKO) by 83.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,347 shares of the company’s stock after selling 599,473 shares during the period. Assenagon Asset Management S.A. owned 0.22% of Funko worth $1,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in Funko by 1,541.0% during 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 last quarter. JPMorgan Chase & Co. grew its stake in shares of Funko by 5,486.5% during the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock worth $10,133,000 after acquiring an additional 814,357 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Funko in the 3rd quarter valued at $860,000. Quest Partners LLC increased its position in shares of Funko by 160.9% in the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock valued at $80,000 after acquiring an additional 4,045 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Funko during the 3rd quarter worth about $196,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Insider Transactions at Funko

In other news, insider Andrew David Oddie sold 27,712 shares of Funko stock in a transaction that occurred 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 owns 20,186 shares of the company’s stock, valued at approximately $275,942.62. The trade was a 57.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tracy D. Daw sold 14,650 shares of the 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 completion of the transaction, the insider now owns 6,362 shares of the company’s stock, valued at $79,843.10. The trade was a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,720 shares of company stock valued at $1,576,493. Corporate insiders own 4.81% of the company’s stock.

Funko Stock Down 0.5 %

Funko stock opened at $12.93 on Friday. Funko, Inc. has a 12 month low of $5.36 and a 12 month high of $14.65. The stock has a market capitalization of $700.29 million, a PE ratio of -26.94 and a beta of 1.16. 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 business has a 50 day simple moving average of $12.32 and a 200-day simple moving average of $11.27.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06. The company had revenue of $292.77 million during the quarter, compared to analyst estimates of $289.47 million. Funko had a negative net margin of 2.29% and a negative return on equity of 3.44%. During the same quarter in the previous year, the firm earned $0.05 EPS. On average, analysts anticipate that Funko, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FNKO. Stifel Nicolaus increased their price objective on Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 3rd. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Funko in a research note on Thursday, January 2nd.

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.