Trexquant Investment LP Sells 14,196 Shares of Funko, Inc. (NASDAQ:FNKO)

Trexquant Investment LP decreased its position in shares of Funko, Inc. (NASDAQ:FNKO) by 50.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,758 shares of the company’s stock after selling 14,196 shares during the quarter. Trexquant Investment LP’s holdings in Funko were worth $184,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Funko by 5,486.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock valued at $10,133,000 after buying an additional 814,357 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Funko during the fourth quarter valued at approximately $4,425,000. TBH Global Asset Management LLC bought a new stake in Funko during the fourth quarter worth $2,748,000. Charles Schwab Investment Management Inc. increased its stake in shares of Funko by 54.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,555 shares of the company’s stock valued at $5,845,000 after purchasing an additional 154,519 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Funko by 18.5% during the 4th quarter. American Century Companies Inc. now owns 680,231 shares of the company’s stock worth $9,108,000 after buying an additional 106,037 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Tracy D. Daw sold 18,608 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $7.14, for a total transaction of $132,861.12. Following the completion of the transaction, the insider now directly owns 26,332 shares in the company, valued at $188,010.48. This trade represents a 41.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew David Oddie sold 3,867 shares of the 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 sale, the insider now directly owns 23,200 shares of the company’s stock, valued at $205,784. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,959 shares of company stock valued at $227,640. 4.81% of the stock is currently owned by corporate insiders.

Funko Stock Down 4.7 %

Shares of FNKO opened at $4.27 on Tuesday. 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 52 week low of $4.18 and a 52 week high of $14.65. The stock has a market capitalization of $232.86 million, a price-to-earnings ratio of -8.90 and a beta of 0.75. The stock has a fifty day moving average of $9.19 and a 200-day moving average of $11.21.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FNKO. DA Davidson decreased their target price on Funko from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus lifted their price target on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 3rd.

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.