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

BNP Paribas Financial Markets lowered its position in Funko, Inc. (NASDAQ:FNKO) by 31.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 39,744 shares of the company’s stock after selling 18,631 shares during the quarter. BNP Paribas Financial Markets’ holdings in Funko were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FNKO. FMR LLC grew its holdings in Funko by 1,541.0% in the 3rd quarter. FMR LLC now owns 57,649 shares of the company’s stock worth $704,000 after buying an additional 54,136 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Funko during the 3rd quarter worth $860,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Funko in the third quarter worth $196,000. Quest Partners LLC increased its holdings in shares of Funko by 160.9% during the third quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock valued at $80,000 after purchasing an additional 4,045 shares during the period. Finally, Olympiad Research LP raised its stake in shares of Funko by 40.3% during the third quarter. Olympiad Research LP now owns 23,532 shares of the company’s stock valued at $288,000 after purchasing an additional 6,756 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

Insider Buying and Selling

In other Funko news, insider Andrew David Oddie sold 10,800 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the sale, the insider now owns 40,372 shares in the company, valued at approximately $485,675.16. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael C. Lunsford sold 97,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the sale, the director now directly owns 11,613 shares of the company’s stock, valued at $120,775.20. This represents a 89.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,805 shares of company stock worth $1,246,661 in the last ninety days. 4.81% of the stock is currently owned by corporate insiders.

Funko Price Performance

Shares of Funko stock opened at $11.71 on Friday. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $12.61. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The stock has a market cap of $634.17 million, a PE ratio of -24.40 and a beta of 1.22. The company’s 50-day moving average price is $11.57 and its two-hundred day moving average price is $10.57.

Analyst Ratings Changes

A number of brokerages recently issued reports on FNKO. Stifel Nicolaus increased their target price on shares of Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Funko in a report on Thursday, November 14th. Finally, B. Riley boosted their target price on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 12th.

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.