American Century Companies Inc. Buys 106,037 Shares of Funko, Inc. (NASDAQ:FNKO)

American Century Companies Inc. grew its stake in shares of Funko, Inc. (NASDAQ:FNKO) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 680,231 shares of the company’s stock after buying an additional 106,037 shares during the quarter. American Century Companies Inc. owned 1.26% of Funko worth $9,108,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new position in Funko during the fourth quarter valued at approximately $38,000. Walleye Capital LLC bought a new position in shares of Funko during the 3rd quarter valued at $129,000. Intech Investment Management LLC purchased a new position in Funko in the 4th quarter worth $148,000. AlphaQuest LLC lifted its stake in Funko by 115.8% in the fourth quarter. AlphaQuest LLC now owns 14,154 shares of the company’s stock worth $190,000 after purchasing an additional 7,595 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Funko by 64.8% during the fourth quarter. SG Americas Securities LLC now owns 18,294 shares of the company’s stock valued at $245,000 after buying an additional 7,195 shares during the period. 99.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Funko news, insider Tracy D. Daw sold 18,608 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total transaction of $132,861.12. Following the transaction, the insider now owns 26,332 shares in the company, valued at $188,010.48. The trade was a 41.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew David Oddie sold 3,867 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $8.87, for a total transaction of $34,300.29. Following the completion of the transaction, the insider now owns 23,200 shares in the company, valued at approximately $205,784. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,317 shares of company stock worth $232,652. Corporate insiders own 4.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FNKO. Stifel Nicolaus lifted their price target on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. DA Davidson cut their target price on shares of Funko from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, March 7th.

Funko Stock Down 0.4 %

Shares of FNKO stock opened at $6.83 on Thursday. The company has a 50 day simple moving average of $10.94 and a two-hundred day simple moving average of $11.69. The stock has a market cap of $372.47 million, a P/E ratio of -14.23 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.

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.