Jane Street Group LLC lowered its holdings in Funko, Inc. (NASDAQ:FNKO - Free Report) by 80.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,688 shares of the company's stock after selling 79,169 shares during the period. Jane Street Group LLC's holdings in Funko were worth $250,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in FNKO. SG Americas Securities LLC grew its position in shares of Funko by 64.8% in the fourth quarter. SG Americas Securities LLC now owns 18,294 shares of the company's stock valued at $245,000 after purchasing an additional 7,195 shares during the period. New York State Teachers Retirement System purchased a new stake in Funko during the fourth quarter valued at about $38,000. Rhumbline Advisers grew its position in Funko by 1.9% during the fourth quarter. Rhumbline Advisers now owns 50,050 shares of the company's stock valued at $670,000 after acquiring an additional 951 shares during the period. TBH Global Asset Management LLC purchased a new stake in Funko during the fourth quarter valued at about $2,748,000. Finally, Bank of New York Mellon Corp grew its position in Funko by 14.7% during the fourth quarter. Bank of New York Mellon Corp now owns 95,406 shares of the company's stock valued at $1,277,000 after acquiring an additional 12,241 shares during the period. Hedge funds and other institutional investors own 99.15% of the company's stock.
Insiders Place Their Bets
In other Funko news, CEO Cynthia W. Williams sold 47,457 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $3.94, for a total transaction of $186,980.58. Following the sale, the chief executive officer now owns 32,769 shares in the company, valued at $129,109.86. This represents a 59.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jason Harinstein acquired 15,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were purchased at an average price of $7.09 per share, for a total transaction of $106,350.00. Following the purchase, the director now directly owns 15,000 shares of the company's stock, valued at $106,350. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 85,928 shares of company stock worth $430,993 in the last three months. 3.27% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms have issued reports on FNKO. The Goldman Sachs Group raised Funko from a "sell" rating to a "neutral" rating and lowered their price target for the company from $7.00 to $5.50 in a research report on Wednesday, May 14th. DA Davidson raised Funko to a "strong-buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen downgraded Funko from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $9.88.
Get Our Latest Report on Funko
Funko Stock Up 9.1%
FNKO traded up $0.40 on Friday, reaching $4.81. The company's stock had a trading volume of 1,234,950 shares, compared to its average volume of 822,467. Funko, Inc. has a 1 year low of $3.50 and a 1 year high of $14.65. The business's 50 day moving average is $4.38 and its 200 day moving average is $9.18. 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 stock has a market cap of $264.24 million, a price-to-earnings ratio of -10.02 and a beta of 0.77.
Funko (NASDAQ:FNKO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.10. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. The company had revenue of $190.74 million for the quarter, compared to the consensus estimate of $191.96 million. During the same period in the previous year, the business earned ($0.17) EPS. Funko's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, research analysts forecast that Funko, Inc. will post -0.12 EPS for the current fiscal year.
Funko Company Profile
(
Free Report)
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.
Further Reading
Before you consider Funko, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Funko wasn't on the list.
While Funko currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
