Funko, Inc. (NASDAQ:FNKO) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. cut its stake in Funko, Inc. (NASDAQ:FNKO) by 57.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,332 shares of the company’s stock after selling 7,100 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Funko were worth $65,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FNKO. Quest Partners LLC acquired a new position in Funko in the second quarter valued at $25,000. Walleye Capital LLC acquired a new position in shares of Funko in the 3rd quarter valued at about $129,000. SG Americas Securities LLC purchased a new stake in shares of Funko during the 3rd quarter worth about $136,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Funko during the 3rd quarter worth about $196,000. Finally, Creative Planning acquired a new stake in Funko during the 3rd quarter worth approximately $240,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Funko

In other news, insider Tracy D. Daw sold 10,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.00, for a total value of $120,000.00. Following the completion of the sale, the insider now owns 6,362 shares in the company, valued at $76,344. This represents a 61.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 completion of the sale, the director now directly owns 11,613 shares of the company’s stock, valued at $120,775.20. The trade was a 89.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 126,805 shares of company stock worth $1,366,661. Insiders own 4.81% of the company’s stock.

Funko Trading Down 1.7 %

NASDAQ FNKO opened at $11.67 on Friday. 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, Inc. has a one year low of $5.36 and a one year high of $12.61. The company has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $10.46. The firm has a market capitalization of $632.05 million, a PE ratio of -24.31 and a beta of 1.22.

Wall Street Analysts Forecast Growth

FNKO has been the topic of several recent research reports. DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Funko in a report on Thursday, November 14th. Stifel Nicolaus boosted their price objective on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, B. Riley increased their target price on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note 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.