Barclays PLC Acquires 30,147 Shares of Funko, Inc. (NASDAQ:FNKO)

Barclays PLC lifted its position in shares of Funko, Inc. (NASDAQ:FNKO - Free Report) by 278.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,972 shares of the company's stock after purchasing an additional 30,147 shares during the period. Barclays PLC owned 0.08% of Funko worth $501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Quest Partners LLC bought a new position in shares of Funko during the 2nd quarter worth approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Funko in the 2nd quarter valued at $121,000. Walleye Capital LLC acquired a new stake in Funko in the 3rd quarter worth about $129,000. SG Americas Securities LLC bought a new stake in shares of Funko in the third quarter valued at approximately $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Funko in the third quarter worth $196,000. 99.15% of the stock is owned by institutional investors.

Funko Trading Up 0.3 %

Funko stock traded up $0.04 during trading hours on Friday, reaching $13.17. 619,095 shares of the company's stock were exchanged, compared to its average volume of 742,342. The firm has a market capitalization of $713.29 million, a PE ratio of -27.44 and a beta of 1.16. The firm's 50 day simple moving average is $12.17 and its 200 day simple moving average is $11.19. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. Funko, Inc. has a twelve month low of $5.36 and a twelve month high of $14.65.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, insider Andrew David Oddie sold 27,712 shares of the 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 directly owns 20,186 shares in the company, valued at $275,942.62. This trade represents a 57.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tracy D. Daw sold 14,650 shares of the company's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the completion of the sale, the insider now owns 6,362 shares in the company, valued at $79,843.10. This represents a 69.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,720 shares of company stock worth $1,576,493. Corporate insiders own 4.81% of the company's stock.

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.