Funko, Inc. (NASDAQ:FNKO) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 89.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,173 shares of the company’s stock after selling 35,571 shares during the period. BNP Paribas Financial Markets’ holdings in Funko were worth $56,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FNKO. Vanguard Group Inc. lifted its position in shares of Funko by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company’s stock valued at $26,222,000 after acquiring an additional 50,877 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Funko by 17.9% in 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 lifted its holdings in shares of Funko by 384.3% during the 4th quarter. Marshall Wace LLP now owns 1,542,440 shares of the company’s stock worth $20,653,000 after acquiring an additional 1,223,939 shares during the period. American Century Companies Inc. lifted its holdings 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 acquiring an additional 106,037 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Funko by 54.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,555 shares of the company’s stock valued at $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 Activity

In other Funko news, insider Tracy D. Daw sold 18,608 shares of the firm’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 transaction of $132,861.12. Following the completion of the transaction, the insider now owns 26,332 shares in the company, valued at approximately $188,010.48. This trade represents a 41.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Cynthia W. Williams sold 47,457 shares of Funko stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $3.94, for a total transaction of $186,980.58. Following the completion of the sale, the chief executive officer now owns 32,769 shares of the company’s stock, valued at $129,109.86. This represents a 59.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,801 shares of company stock worth $474,227. Corporate insiders own 3.27% of the company’s stock.

Funko Price Performance

NASDAQ:FNKO opened at $4.16 on Tuesday. Funko, Inc. has a 52 week low of $3.50 and a 52 week high of $14.65. The firm has a market cap of $228.53 million, a price-to-earnings ratio of -8.67 and a beta of 0.85. The firm’s 50-day simple moving average is $4.58 and its 200 day simple moving average is $9.35. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96.

Funko (NASDAQ:FNKO) last announced 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. Funko had a negative net margin of 2.29% and a negative return on equity of 3.44%. The firm had revenue of $190.74 million for the quarter, compared to the consensus estimate of $191.96 million. During the same period in the prior year, the company posted ($0.17) earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. As a group, sell-side analysts predict that Funko, Inc. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

FNKO has been the subject of several research reports. DA Davidson upgraded shares of Funko to a “strong-buy” rating in a research report on Thursday, May 15th. Wall Street Zen cut shares of Funko from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group upgraded shares of Funko from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $5.50 in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.