2,859 Shares in Funko, Inc. (NASDAQ:FNKO) Bought by New York State Teachers Retirement System

New York State Teachers Retirement System acquired a new stake in Funko, Inc. (NASDAQ:FNKO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,859 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings 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 valued at $10,133,000 after purchasing an additional 814,357 shares during the last quarter. Geode Capital Management LLC increased its position in Funko by 1.6% during the third quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock worth $9,873,000 after buying an additional 13,002 shares during the period. Jane Street Group LLC lifted its stake in Funko by 50.0% in the third quarter. Jane Street Group LLC now owns 97,857 shares of the company’s stock valued at $1,196,000 after buying an additional 32,598 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Funko in the third quarter valued at approximately $860,000. Finally, FMR LLC grew its position in shares of 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 last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Funko Trading Down 2.8 %

NASDAQ:FNKO opened at $13.13 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $13.42 and its 200-day simple moving average is $12.00. Funko, Inc. has a 12-month low of $5.36 and a 12-month high of $14.65. The firm has a market cap of $711.07 million, a P/E ratio of -27.35 and a beta of 1.15.

Wall Street Analysts Forecast Growth

FNKO has been the subject of several research reports. Stifel Nicolaus upped their price target 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 reaffirmed a “buy” rating and issued a $16.00 target price on shares of Funko in a report on Thursday, January 2nd.

Insider Buying and Selling at Funko

In other news, insider Andrew David Oddie sold 27,712 shares of the firm’s 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 completion of the sale, the insider now directly owns 20,186 shares of the company’s stock, valued at $275,942.62. This trade represents a 57.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tracy D. Daw sold 14,650 shares of Funko stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $12.55, for a total value of $183,857.50. Following the completion of the sale, the insider now owns 6,362 shares in the company, valued at approximately $79,843.10. This trade represents a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,079 shares of company stock valued at $572,769. 4.81% of the stock is owned by company insiders.

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.