XTX Topco Ltd Makes New Investment in Funko, Inc. (NASDAQ:FNKO)

Key Points

• XTX Topco Ltd has acquired 211,712 shares of Funko, Inc., valued at approximately $1.45 million, which represents about 0.39% ownership of the company.
• Recent changes in Funko's stock ratings include DA Davidson's "buy" rating with a price target of $7.00, whereas Wall Street Zen downgraded it to a "sell," highlighting varied analyst opinions.
• Funko reported a loss of $0.33 EPS for the latest quarter, beating analysts' expectations of a loss of $0.43, but the revenue decreased by 11.6% year-over-year.

XTX Topco Ltd bought a new position in Funko, Inc. (NASDAQ:FNKO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 211,712 shares of the company's stock, valued at approximately $1,452,000. XTX Topco Ltd owned about 0.39% of Funko as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Holdings Inc. lifted its position in shares of Funko by 19.8% during the 4th quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company's stock valued at $32,845,000 after buying an additional 404,849 shares in the last quarter. Vanguard Group Inc. raised its stake in Funko by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company's stock valued at $26,222,000 after purchasing an additional 50,877 shares during the period. Dimensional Fund Advisors LP raised its stake in Funko by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company's stock valued at $20,688,000 after purchasing an additional 234,981 shares during the period. Marshall Wace LLP raised its stake in 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 purchasing an additional 1,223,939 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Funko by 952.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,235,437 shares of the company's stock valued at $8,475,000 after purchasing an additional 1,118,090 shares during the period. 99.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Funko

In other news, insider Andrew David Oddie sold 9,580 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 52,203 shares of the company's stock, valued at approximately $258,926.88. The trade was a 15.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Cynthia W. Williams sold 47,457 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 32,769 shares in the company, valued at approximately $129,109.86. This represents a 59.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.27% of the company's stock.

Funko Price Performance

NASDAQ:FNKO traded up $0.04 during trading hours on Monday, reaching $3.63. The stock had a trading volume of 337,639 shares, compared to its average volume of 1,089,212. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.54 and a current ratio of 0.85. Funko, Inc. has a 52 week low of $3.48 and a 52 week high of $14.65. The company has a 50 day moving average price of $4.58 and a two-hundred day moving average price of $6.98. The stock has a market capitalization of $199.14 million, a PE ratio of -9.80 and a beta of 0.82.

Funko (NASDAQ:FNKO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.43) by $0.10. The business had revenue of $190.74 million for the quarter, compared to the consensus estimate of $191.96 million. Funko had a negative return on equity of 5.01% and a negative net margin of 1.92%. The company's revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, sell-side analysts anticipate that Funko, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on FNKO. Wall Street Zen downgraded Funko from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. The Goldman Sachs Group raised Funko from a "sell" rating to a "neutral" rating and decreased their target price for the company from $7.00 to $5.50 in a research note on Wednesday, May 14th. Finally, DA Davidson reissued a "buy" rating and set a $7.00 target price on shares of Funko in a research note on Monday, July 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Funko currently has a consensus rating of "Hold" and an average price target of $9.88.

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.