Jump Financial LLC Decreases Position in Funko, Inc. (NASDAQ:FNKO)

Jump Financial LLC reduced its position in shares of Funko, Inc. (NASDAQ:FNKO) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,800 shares of the company’s stock after selling 4,278 shares during the period. Jump Financial LLC’s holdings in Funko were worth $1,124,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FNKO. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Funko during the second quarter worth approximately $56,000. Advisor Group Holdings Inc. lifted its holdings in Funko by 763.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,937 shares of the company’s stock valued at $63,000 after purchasing an additional 2,597 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in Funko during the 1st quarter worth $85,000. Legal & General Group Plc grew its holdings in shares of Funko by 93.3% during the second quarter. Legal & General Group Plc now owns 4,095 shares of the company’s stock worth $87,000 after buying an additional 1,976 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of Funko by 144.8% in the second quarter. Citigroup Inc. now owns 4,439 shares of the company’s stock valued at $94,000 after buying an additional 2,626 shares during the last quarter. 66.32% of the stock is owned by institutional investors and hedge funds.

NASDAQ:FNKO opened at $18.50 on Thursday. Funko, Inc. has a 52 week low of $5.81 and a 52 week high of $27.20. The stock’s fifty day moving average is $18.71 and its two-hundred day moving average is $20.65. The company has a market capitalization of $933.33 million, a P/E ratio of 17.31, a P/E/G ratio of 0.46 and a beta of 2.40. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 0.44.

Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.29. The firm had revenue of $236.11 million for the quarter, compared to analyst estimates of $204.77 million. Funko had a net margin of 4.63% and a return on equity of 17.42%. Sell-side analysts anticipate that Funko, Inc. will post 0.98 earnings per share for the current fiscal year.

In other Funko news, major shareholder Woodson Capital Management, Lp purchased 181,506 shares of the business’s stock in a transaction on Friday, August 20th. The shares were bought at an average cost of $17.93 per share, for a total transaction of $3,254,402.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth R. Brotman sold 59,867 shares of the company’s stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $20.28, for a total transaction of $1,214,102.76. The disclosure for this sale can be found here. Insiders sold a total of 407,863 shares of company stock worth $8,323,175 over the last three months. Insiders own 14.13% of the company’s stock.

A number of research firms have commented on FNKO. Jefferies Financial Group upgraded shares of Funko from a “hold” rating to a “buy” rating and increased their price objective for the company from $21.00 to $25.00 in a report on Tuesday, August 31st. DA Davidson increased their price target on Funko from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, August 6th. TheStreet lowered Funko from a “b-” rating to a “c+” rating in a research note on Thursday, July 8th. Finally, Zacks Investment Research raised Funko from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Funko has an average rating of “Buy” and a consensus price target of $22.72.

Funko Company Profile

Funko, Inc engages in designing, sourcing and distribution of licensed pop culture products. Its product lines include media and entertainment content, which comprises movies, TV shows, video games, music and sports. The company was founded in 1998 and is headquartered in Everett, WA.

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Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)

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