Skandinaviska Enskilda Banken AB publ Boosts Stake in Funko, Inc. (NASDAQ:FNKO)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 68.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,826 shares of the company’s stock after purchasing an additional 9,681 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Funko were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Funko by 5,486.5% during the 3rd 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 last quarter. TBH Global Asset Management LLC purchased a new stake in Funko in the fourth quarter worth approximately $2,748,000. FMR LLC boosted its holdings in Funko by 1,541.0% in the third quarter. FMR LLC now owns 57,649 shares of the company’s stock worth $704,000 after purchasing an additional 54,136 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Funko during the 3rd quarter valued at $860,000. Finally, Barclays PLC raised its stake in Funko by 278.5% during the 3rd quarter. Barclays PLC now owns 40,972 shares of the company’s stock valued at $501,000 after buying an additional 30,147 shares during the last quarter. 99.15% of the stock is owned by hedge funds and other institutional investors.

Funko Price Performance

NASDAQ FNKO opened at $7.19 on Tuesday. The business’s fifty day moving average is $12.51 and its 200 day moving average is $11.97. Funko, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $14.65. 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 market capitalization of $389.38 million, a PE ratio of -14.98 and a beta of 0.94.

Insider Transactions at Funko

In other news, insider Andrew David Oddie sold 27,712 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the sale, the insider now directly owns 20,186 shares in the company, valued at $275,942.62. This trade represents a 57.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tracy D. Daw sold 14,650 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the completion of the transaction, 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. Insiders have sold 51,581 shares of company stock valued at $644,792 over the last quarter. 4.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FNKO has been the subject of a number of research reports. DA Davidson reduced their price objective on Funko from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Stifel Nicolaus increased their price objective on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd.

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.