Wells Fargo & Company MN Raises Position in Funko, Inc. (NASDAQ:FNKO)

Wells Fargo & Company MN lifted its stake in shares of Funko, Inc. (NASDAQ:FNKO) by 18.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,090 shares of the company’s stock after buying an additional 3,070 shares during the quarter. Wells Fargo & Company MN’s holdings in Funko were worth $269,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FNKO. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 814,357 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Funko during the fourth quarter worth approximately $4,425,000. Landscape Capital Management L.L.C. acquired a new stake in Funko in the fourth quarter valued at $3,606,000. TBH Global Asset Management LLC acquired a new stake in shares of Funko in the 4th quarter valued at about $2,748,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Funko by 54.8% during the fourth 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. 99.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Funko

In other news, Director Jason Harinstein purchased 15,000 shares of the stock in a transaction dated Monday, March 17th. The shares were bought at an average cost of $7.09 per share, for a total transaction of $106,350.00. Following the transaction, the director now owns 15,000 shares in the company, valued at $106,350. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew David Oddie sold 3,867 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $8.87, for a total value of $34,300.29. Following the completion of the sale, the insider now owns 23,200 shares of the company’s stock, valued at approximately $205,784. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,123 shares of company stock valued at $244,806. Company insiders own 4.81% of the company’s stock.

Funko Price Performance

Shares of FNKO opened at $3.93 on Wednesday. The firm has a market capitalization of $214.38 million, a price-to-earnings ratio of -8.19 and a beta of 0.85. The stock’s fifty day moving average is $6.19 and its 200-day moving average is $10.32. Funko, Inc. has a one year low of $3.79 and a one year high of $14.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96.

Wall Street Analyst Weigh In

Separately, DA Davidson upgraded Funko to a “strong-buy” rating in a research report on Monday, April 14th.

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.