Funko, Inc. (NASDAQ:FNKO) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 50.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,720 shares of the company’s stock after selling 11,743 shares during the period. XTX Topco Ltd’s holdings in Funko were worth $114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. California State Teachers Retirement System increased its stake in Funko by 4.5% during the 1st quarter. California State Teachers Retirement System now owns 33,179 shares of the company’s stock valued at $207,000 after buying an additional 1,414 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Funko by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock valued at $414,000 after acquiring an additional 2,342 shares during the period. Quest Partners LLC bought a new stake in Funko during the second quarter worth approximately $25,000. Price T Rowe Associates Inc. MD lifted its position in Funko by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,335 shares of the company’s stock worth $246,000 after purchasing an additional 2,689 shares during the period. Finally, Quarry LP bought a new position in Funko during the 4th quarter valued at $34,000. 99.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on FNKO. DA Davidson restated a “buy” rating and issued a $12.00 price objective on shares of Funko in a report on Friday, August 9th. B. Riley boosted their target price on shares of Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Finally, Stifel Nicolaus raised their target price on shares of Funko from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Thursday, July 25th.

Insider Activity

In other news, insider Andrew David Oddie sold 10,800 shares of Funko stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the transaction, the insider now owns 40,372 shares in the company, valued at $485,675.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Andrew David Oddie sold 10,800 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the sale, the insider now directly owns 40,372 shares in the company, valued at $485,675.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $8.90, for a total transaction of $17,800,000.00. Following the completion of the transaction, the insider now owns 5,129,838 shares in the company, valued at approximately $45,655,558.20. The disclosure for this sale can be found here. Insiders sold 2,028,444 shares of company stock worth $18,126,690 over the last quarter. Corporate insiders own 4.81% of the company’s stock.

Funko Trading Down 1.2 %

NASDAQ:FNKO opened at $12.07 on Wednesday. The stock has a fifty day simple moving average of $10.26 and a 200 day simple moving average of $8.73. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $646.94 million, a price-to-earnings ratio of -4.81 and a beta of 1.18. Funko, Inc. has a 1-year low of $5.36 and a 1-year high of $12.35.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.25. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The business had revenue of $247.70 million for the quarter, compared to the consensus estimate of $231.04 million. During the same period last year, the firm posted ($0.53) earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts forecast that Funko, Inc. will post -0.21 earnings per share for the current year.

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.