Funko, Inc. (NASDAQ:FNKO) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 64.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,294 shares of the company’s stock after purchasing an additional 7,195 shares during the quarter. SG Americas Securities LLC’s holdings in Funko were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Funko by 5,486.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock worth $10,133,000 after purchasing an additional 814,357 shares during the last quarter. FMR LLC grew its holdings in Funko by 1,541.0% during the third quarter. FMR LLC now owns 57,649 shares of the company’s stock worth $704,000 after acquiring an additional 54,136 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Funko in the 3rd quarter valued at about $860,000. Quest Partners LLC grew its holdings in shares of Funko by 160.9% in the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after acquiring an additional 4,045 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Funko in the third quarter valued at about $196,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Insider Transactions at Funko

In other Funko news, insider Andrew David Oddie sold 27,712 shares of the company’s stock in a transaction 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 owns 20,186 shares of the company’s stock, valued at approximately $275,942.62. This represents a 57.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael C. Lunsford sold 97,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 139,720 shares of company stock valued at $1,576,493. 4.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Funko Price Performance

Shares of FNKO stock opened at $14.11 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 $764.20 million, a P/E ratio of -29.40 and a beta of 1.15. Funko, Inc. has a 1-year low of $5.36 and a 1-year high of $14.65. The firm has a fifty day moving average of $12.92 and a two-hundred day moving average of $11.56.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. The business had revenue of $292.77 million for the quarter, compared to analysts’ expectations 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 last year, the company earned $0.05 EPS. As a group, research analysts anticipate that Funko, Inc. will post -0.13 earnings per share for the current fiscal year.

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.