Funko, Inc. (NASDAQ:FNKO) Stake Lowered by Jane Street Group LLC

Jane Street Group LLC trimmed its position in Funko, Inc. (NASDAQ:FNKO - Free Report) by 80.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,688 shares of the company's stock after selling 79,169 shares during the quarter. Jane Street Group LLC's holdings in Funko were worth $250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp increased its holdings in Funko by 1.4% in the 4th quarter. Northern Trust Corp now owns 264,210 shares of the company's stock valued at $3,538,000 after purchasing an additional 3,650 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Funko by 6.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,181 shares of the company's stock worth $552,000 after buying an additional 2,413 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Funko in the fourth quarter valued at about $152,000. Dimensional Fund Advisors LP grew its stake in shares of Funko by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company's stock valued at $20,688,000 after buying an additional 234,981 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Funko by 384.3% during the 4th quarter. Marshall Wace LLP now owns 1,542,440 shares of the company's stock valued at $20,653,000 after buying an additional 1,223,939 shares during the period. 99.15% of the stock is owned by institutional investors and hedge funds.

Funko Stock Up 9.1%

Shares of NASDAQ:FNKO traded up $0.40 during midday trading on Friday, reaching $4.81. The company had a trading volume of 1,234,720 shares, compared to its average volume of 822,631. The stock has a market capitalization of $264.24 million, a P/E ratio of -10.02 and a beta of 0.85. The stock's fifty day moving average price is $4.43 and its 200-day moving average price is $9.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. Funko, Inc. has a one year low of $3.50 and a one year high of $14.65.

Funko (NASDAQ:FNKO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.10. The company had revenue of $190.74 million during the quarter, compared to analyst estimates of $191.96 million. Funko had a negative net margin of 2.29% and a negative return on equity of 3.44%. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the business earned ($0.17) EPS. Equities research analysts expect that Funko, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Activity at Funko

In other Funko news, CEO Cynthia W. Williams sold 47,457 shares of Funko stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $3.94, for a total value of $186,980.58. Following the completion of the transaction, the chief executive officer now owns 32,769 shares of the company's stock, valued at $129,109.86. The trade was a 59.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Andrew David Oddie sold 9,580 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $4.96, for a total transaction of $47,516.80. Following the sale, the insider now directly owns 52,203 shares in the company, valued at $258,926.88. This trade represents a 15.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,928 shares of company stock valued at $430,993 over the last three months. 3.27% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on FNKO. The Goldman Sachs Group upgraded shares of Funko from a "sell" rating to a "neutral" rating and dropped their price objective for the company from $7.00 to $5.50 in a research note on Wednesday, May 14th. Wall Street Zen lowered shares of Funko from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, DA Davidson raised shares of Funko to a "strong-buy" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $9.88.

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.