Funko, Inc. (NASDAQ:FNKO) Shares Purchased by Fmr LLC

FMR LLC lifted its position in Funko, Inc. (NASDAQ:FNKO - Free Report) by 1,541.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,649 shares of the company's stock after acquiring an additional 54,136 shares during the period. FMR LLC owned 0.11% of Funko worth $704,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Marshall Wace LLP boosted its position in shares of Funko by 160.1% in the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company's stock worth $10,375,000 after purchasing an additional 654,359 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Funko by 21.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company's stock worth $34,609,000 after buying an additional 619,114 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Funko during the 2nd quarter valued at $1,138,000. American Century Companies Inc. increased its position in Funko by 81.1% in the second quarter. American Century Companies Inc. now owns 250,121 shares of the company's stock worth $2,441,000 after buying an additional 112,007 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Funko in the 3rd quarter worth approximately $860,000. 99.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FNKO shares. Stifel Nicolaus boosted their target price on shares of Funko from $9.00 to $10.50 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. DA Davidson restated a "buy" rating and issued a $16.00 target price on shares of Funko in a report on Thursday, November 14th. Finally, B. Riley upped their price objective on Funko from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, September 12th.

Funko Price Performance

FNKO opened at $11.81 on Wednesday. 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 business's fifty day simple moving average is $11.55 and its 200-day simple moving average is $10.62. The company has a market capitalization of $639.58 million, a price-to-earnings ratio of -24.60 and a beta of 1.22. Funko, Inc. has a 12-month low of $5.36 and a 12-month high of $12.61.

Insider Activity

In other news, Director Michael C. Lunsford sold 97,000 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $10.40, for a total value of $1,008,800.00. Following the completion of the transaction, the director now directly owns 11,613 shares in the company, valued at $120,775.20. This trade represents a 89.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the transaction, the insider now owns 40,372 shares in the company, valued at approximately $485,675.16. This trade represents a 21.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,161 shares of company stock worth $1,227,203. 4.81% of the stock is currently owned by company insiders.

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.