D. E. Shaw & Co. Inc. Has $930,000 Holdings in Funko, Inc. (NASDAQ:FNKO)

D. E. Shaw & Co. Inc. increased its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 351.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,464 shares of the company’s stock after acquiring an additional 54,081 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.13% of Funko worth $930,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of FNKO. American Century Companies Inc. grew its position in shares of Funko by 18.5% during the 4th quarter. American Century Companies Inc. now owns 680,231 shares of the company’s stock worth $9,108,000 after purchasing an additional 106,037 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Funko by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company’s stock valued at $26,222,000 after buying an additional 50,877 shares during the period. TBH Global Asset Management LLC acquired a new stake in Funko during the fourth quarter worth approximately $2,748,000. Hsbc Holdings PLC bought a new position in Funko during the 4th quarter worth $152,000. Finally, Divisadero Street Capital Management LP bought a new position in Funko during the 4th quarter worth $13,783,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Insider Buying and Selling at Funko

In other Funko news, insider Tracy D. Daw sold 18,608 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total value of $132,861.12. Following the completion of the transaction, the insider now directly owns 26,332 shares in the company, valued at approximately $188,010.48. This represents a 41.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew David Oddie sold 3,867 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $8.87, for a total value of $34,300.29. Following the transaction, the insider now owns 23,200 shares of the company’s stock, valued at $205,784. This trade represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,801 shares of company stock worth $474,227 over the last quarter. Corporate insiders own 3.27% of the company’s stock.

Funko Stock Performance

Funko stock opened at $3.91 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The stock has a market cap of $213.23 million, a PE ratio of -8.15 and a beta of 0.85. Funko, Inc. has a 12-month low of $3.50 and a 12-month high of $14.65. The business’s 50-day moving average price is $4.96 and its two-hundred day moving average price is $9.66.

Funko (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.10. The company had revenue of $190.74 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the company posted ($0.17) EPS. As a group, analysts expect that Funko, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FNKO has been the subject of a number of analyst reports. Wall Street Zen downgraded Funko from a “hold” rating to a “sell” rating in a research note on Thursday. The Goldman Sachs Group upgraded shares of Funko from a “sell” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $5.50 in a research report on Wednesday, May 14th. Finally, DA Davidson raised shares of Funko to a “strong-buy” rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Funko currently has an average 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.