Funko, Inc. (NASDAQ:FNKO) Stock Position Reduced by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its stake in shares of Funko, Inc. (NASDAQ:FNKO - Free Report) by 72.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,774 shares of the company's stock after selling 340,525 shares during the period. Jacobs Levy Equity Management Inc. owned 0.24% of Funko worth $1,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. California State Teachers Retirement System increased its stake in Funko by 4.5% during the 1st quarter. California State Teachers Retirement System now owns 33,179 shares of the company's stock valued at $207,000 after purchasing an additional 1,414 shares in the last quarter. Quest Partners LLC acquired a new position in Funko during the second quarter worth $25,000. Price T Rowe Associates Inc. MD lifted its holdings in Funko by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,335 shares of the company's stock worth $246,000 after buying an additional 2,689 shares in the last quarter. Rhumbline Advisers boosted its holdings in Funko by 9.0% in the second quarter. Rhumbline Advisers now owns 54,180 shares of the company's stock valued at $529,000 after purchasing an additional 4,475 shares during the period. Finally, Olympiad Research LP grew its holdings in Funko by 40.3% during the 3rd quarter. Olympiad Research LP now owns 23,532 shares of the company's stock worth $288,000 after acquiring an additional 6,756 shares in the last quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FNKO shares. DA Davidson reaffirmed a "buy" rating and set a $16.00 price objective on shares of Funko in a report on Thursday, November 14th. Stifel Nicolaus upped their target price on Funko from $9.00 to $10.50 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Finally, B. Riley upped their price objective on shares of Funko from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, September 12th.

Funko Price Performance

NASDAQ FNKO traded down $0.17 on Monday, hitting $11.50. The stock had a trading volume of 216,387 shares, compared to its average volume of 527,063. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The company's 50-day moving average is $11.59 and its two-hundred day moving average is $10.48. Funko, Inc. has a one year low of $5.36 and a one year high of $12.61.

Insider Buying and Selling at Funko

In other Funko news, insider Andrew David Oddie sold 10,800 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the sale, the insider now owns 40,372 shares in the company, valued at approximately $485,675.16. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tracy D. Daw sold 10,000 shares of Funko stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.00, for a total transaction of $120,000.00. Following the completion of the transaction, the insider now directly owns 6,362 shares in the company, valued at approximately $76,344. This trade represents a 61.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 126,805 shares of company stock valued at $1,366,661. 4.81% of the stock is owned by 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.