ExodusPoint Capital Management LP Purchases New Position in Funko, Inc. (NASDAQ:FNKO)

ExodusPoint Capital Management LP purchased a new position in Funko, Inc. (NASDAQ:FNKO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,512 shares of the company’s stock, valued at approximately $342,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake 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 worth $10,133,000 after buying an additional 814,357 shares during the period. Wealthfront Advisers LLC purchased a new stake in Funko in the 4th quarter worth $4,425,000. TBH Global Asset Management LLC purchased a new stake in Funko in the 4th quarter worth $2,748,000. Charles Schwab Investment Management Inc. raised its position in Funko by 54.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,555 shares of the company’s stock worth $5,845,000 after acquiring an additional 154,519 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Funko by 18.5% during the fourth quarter. American Century Companies Inc. now owns 680,231 shares of the company’s stock valued at $9,108,000 after purchasing an additional 106,037 shares in the last quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on FNKO. DA Davidson reduced their price target on shares of 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 upped their price target on Funko from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, January 3rd.

Funko Stock Performance

Shares of Funko stock opened at $4.48 on Friday. The business’s fifty day simple moving average is $9.38 and its 200-day simple moving average is $11.27. Funko, Inc. has a 52 week low of $4.31 and a 52 week high of $14.65. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The firm has a market cap of $244.32 million, a PE ratio of -9.33 and a beta of 0.75.

Insider Buying and Selling at Funko

In other news, insider Tracy D. Daw sold 18,608 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total value of $132,861.12. Following the completion of the transaction, the insider now owns 26,332 shares of the company’s stock, valued at approximately $188,010.48. This trade represents a 41.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andrew David Oddie sold 3,867 shares of Funko stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $8.87, for a total transaction of $34,300.29. Following the completion of the transaction, the insider now owns 23,200 shares of the company’s stock, valued at $205,784. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,959 shares of company stock worth $227,640 over the last three months. Insiders own 4.81% of the company’s stock.

About Funko

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.