SG Americas Securities LLC Buys 7,195 Shares of Funko, Inc. (NASDAQ:FNKO)

SG Americas Securities LLC grew its stake in Funko, Inc. (NASDAQ:FNKO) by 64.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,294 shares of the company’s stock after buying an additional 7,195 shares during the period. SG Americas Securities LLC’s holdings in Funko were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Funko by 5,486.5% during the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock valued at $10,133,000 after acquiring an additional 814,357 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Funko during the third quarter worth $860,000. FMR LLC raised its position in shares of Funko by 1,541.0% in the 3rd quarter. FMR LLC now owns 57,649 shares of the company’s stock valued at $704,000 after acquiring an additional 54,136 shares during the period. Jane Street Group LLC increased its position in shares of Funko by 50.0% in the 3rd quarter. Jane Street Group LLC now owns 97,857 shares of the company’s stock valued at $1,196,000 after buying an additional 32,598 shares in the last quarter. Finally, Barclays PLC increased its stake in Funko by 278.5% during the 3rd quarter. Barclays PLC now owns 40,972 shares of the company’s stock worth $501,000 after purchasing an additional 30,147 shares in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. DA Davidson reissued a “buy” rating and issued a $16.00 target price on shares of Funko in a research report on Thursday, January 2nd. Stifel Nicolaus increased their price objective on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd.

Funko Price Performance

Shares of FNKO stock opened at $14.11 on Friday. The company has a market cap of $764.20 million, a P/E ratio of -29.40 and a beta of 1.15. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. Funko, Inc. has a twelve month low of $5.36 and a twelve month high of $14.65. The business has a fifty day simple moving average of $12.92 and a 200 day simple moving average of $11.56.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.06. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. The company had revenue of $292.77 million for the quarter, compared to analysts’ expectations of $289.47 million. During the same period in the previous year, the business posted $0.05 earnings per share. On average, sell-side analysts forecast that Funko, Inc. will post -0.13 EPS for the current fiscal year.

Insider Activity at Funko

In related news, Director Michael C. Lunsford sold 97,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 11,613 shares of the company’s stock, valued at $120,775.20. This trade represents a 89.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew David Oddie sold 27,712 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $13.67, for a total transaction of $378,823.04. Following the transaction, the insider now directly owns 20,186 shares in the company, valued at approximately $275,942.62. This represents a 57.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,720 shares of company stock worth $1,576,493 over the last three months. Company insiders own 4.81% of the company’s stock.

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.