JPMorgan Chase & Co. Has $10.13 Million Stock Position in Funko, Inc. (NASDAQ:FNKO)

JPMorgan Chase & Co. raised its stake in shares of Funko, Inc. (NASDAQ:FNKO - Free Report) by 5,486.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 829,200 shares of the company's stock after buying an additional 814,357 shares during the quarter. JPMorgan Chase & Co. owned about 1.53% of Funko worth $10,133,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Funko during the 3rd quarter valued at about $860,000. FMR LLC boosted its stake in shares of Funko by 1,541.0% in the third quarter. FMR LLC now owns 57,649 shares of the company's stock valued at $704,000 after purchasing an additional 54,136 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Funko by 21.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company's stock valued at $34,609,000 after purchasing an additional 619,114 shares in the last quarter. Quest Partners LLC increased its stake in Funko by 160.9% during the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company's stock worth $80,000 after buying an additional 4,045 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Funko in the 3rd quarter valued at about $196,000. 99.15% of the stock is owned by institutional investors and hedge funds.

Funko Trading Down 0.9 %

Shares of NASDAQ FNKO opened at $14.25 on Monday. 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. The stock's 50 day simple moving average is $11.99 and its 200 day simple moving average is $11.06. The company has a market cap of $771.72 million, a price-to-earnings ratio of -29.69 and a beta of 1.16.

Insider Activity

In other Funko news, insider Andrew David Oddie sold 27,712 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the transaction, the insider now owns 20,186 shares of the company's stock, valued at approximately $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 at this hyperlink. Also, Director Michael C. Lunsford sold 97,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the completion of the sale, the director now directly owns 11,613 shares of the company's stock, valued at approximately $120,775.20. This represents a 89.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,720 shares of company stock valued at $1,576,493. 4.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FNKO shares. DA Davidson reiterated a "buy" rating and issued a $16.00 price target on shares of Funko in a research note on Thursday, January 2nd. Stifel Nicolaus boosted their price objective on Funko from $11.00 to $12.00 and gave the company a "hold" rating in a report on Friday, January 3rd.

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.