Wealthfront Advisers LLC Purchases New Holdings in Funko, Inc. (NASDAQ:FNKO)

Wealthfront Advisers LLC acquired a new position in Funko, Inc. (NASDAQ:FNKO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 330,484 shares of the company's stock, valued at approximately $4,425,000. Wealthfront Advisers LLC owned 0.61% of Funko as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNKO. JPMorgan Chase & Co. increased its position in Funko by 5,486.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company's stock valued at $10,133,000 after buying an additional 814,357 shares in the last quarter. TBH Global Asset Management LLC bought a new position in shares of Funko during the fourth quarter valued at $2,748,000. Charles Schwab Investment Management Inc. raised its position in shares of Funko by 54.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,555 shares of the company's stock worth $5,845,000 after purchasing an additional 154,519 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Funko in the 3rd quarter worth about $860,000. Finally, FMR LLC grew its position in Funko by 1,541.0% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 99.15% of the company's stock.

Funko Trading Down 2.2 %

Funko stock opened at $7.22 on Friday. Funko, Inc. has a 12-month low of $5.36 and a 12-month high of $14.65. The firm has a market capitalization of $391.01 million, a price-to-earnings ratio of -15.04 and a beta of 0.94. The firm has a 50 day moving average of $12.79 and a 200 day moving average of $12.00. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

Insider Activity at Funko

In related news, insider Andrew David Oddie sold 27,712 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the completion of the transaction, the insider now owns 20,186 shares in the company, valued at approximately $275,942.62. This represents a 57.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tracy D. Daw sold 14,650 shares of Funko stock in a transaction on Friday, December 20th. The shares were 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 approximately $79,843.10. This represents a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,835 shares of company stock worth $639,451. 4.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FNKO. Stifel Nicolaus boosted 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 dropped their price target on shares of Funko from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, March 7th.

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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.

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