Charles Schwab Investment Management Inc. Buys 154,519 Shares of Funko, Inc. (NASDAQ:FNKO)

Charles Schwab Investment Management Inc. increased its stake in Funko, Inc. (NASDAQ:FNKO) by 54.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 436,555 shares of the company’s stock after purchasing an additional 154,519 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.81% of Funko worth $5,845,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of Funko by 5,486.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock worth $10,133,000 after buying an additional 814,357 shares during the last quarter. TBH Global Asset Management LLC purchased a new position in Funko in the fourth quarter worth about $2,748,000. FMR LLC boosted its position in Funko by 1,541.0% in the third quarter. FMR LLC now owns 57,649 shares of the company’s stock worth $704,000 after purchasing an additional 54,136 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Funko during the 3rd quarter valued at about $860,000. Finally, Barclays PLC lifted its stake in shares of Funko by 278.5% in the 3rd quarter. Barclays PLC now owns 40,972 shares of the company’s stock worth $501,000 after purchasing an additional 30,147 shares during the period. Institutional investors own 99.15% of the company’s stock.

Insider Buying and Selling at Funko

In other news, insider Andrew David Oddie sold 27,712 shares of the business’s stock in a transaction dated 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 in the company, valued at $275,942.62. The trade was a 57.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jason Harinstein bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $7.09 per share, with a total value of $106,350.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $106,350. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 58,029 shares of company stock valued at $611,475 over the last 90 days. 4.81% of the stock is currently owned by corporate insiders.

Funko Stock Performance

Shares of NASDAQ:FNKO opened at $7.30 on Tuesday. The stock has a 50 day moving average of $11.81 and a 200 day moving average of $11.87. The company has a market cap of $398.11 million, a PE ratio of -15.21 and a beta of 0.94. Funko, Inc. has a 12-month low of $5.36 and a 12-month 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.

Wall Street Analyst Weigh In

FNKO has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. DA Davidson cut their price objective on shares of Funko from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

About Funko

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.