Jane Street Group LLC Has $1.20 Million Position in Funko, Inc. (NASDAQ:FNKO)

Jane Street Group LLC boosted its position in Funko, Inc. (NASDAQ:FNKO) by 50.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,857 shares of the company’s stock after acquiring an additional 32,598 shares during the quarter. Jane Street Group LLC’s holdings in Funko were worth $1,196,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in Funko during the 2nd quarter worth approximately $25,000. Rhumbline Advisers lifted its stake in shares of Funko by 9.0% in the 2nd quarter. Rhumbline Advisers now owns 54,180 shares of the company’s stock valued at $529,000 after acquiring an additional 4,475 shares during the last quarter. Olympiad Research LP boosted its holdings in shares of Funko by 40.3% during the 3rd quarter. Olympiad Research LP now owns 23,532 shares of the company’s stock valued at $288,000 after acquiring an additional 6,756 shares in the last quarter. Bank of New York Mellon Corp grew its position in Funko by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 113,833 shares of the company’s stock worth $1,111,000 after acquiring an additional 10,034 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Funko in the third quarter valued at about $129,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on FNKO. Stifel Nicolaus boosted their price target on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. B. Riley lifted their price target 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, DA Davidson restated a “buy” rating and issued a $16.00 price objective on shares of Funko in a report on Thursday, November 14th.

Funko Stock Performance

NASDAQ:FNKO opened at $13.24 on Monday. The company has a market capitalization of $717.03 million, a PE ratio of -27.58 and a beta of 1.22. Funko, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $13.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. The company has a 50 day simple moving average of $11.58 and a two-hundred day simple moving average of $10.79.

Insider Activity

In related news, Director Michael C. Lunsford sold 97,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the sale, the director now owns 11,613 shares in the company, valued at $120,775.20. This represents a 89.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tracy D. Daw sold 14,650 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $12.55, for a total value of $183,857.50. Following the sale, the insider now directly owns 6,362 shares of the company’s stock, valued at $79,843.10. This represents a 69.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,011 shares of company stock valued at $1,281,137. 4.81% of the stock is currently owned by insiders.

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.