Alliancebernstein L.P. Sells 24,460 Shares of Funko, Inc. (NASDAQ:FNKO)

Alliancebernstein L.P. trimmed its stake in shares of Funko, Inc. (NASDAQ:FNKO) by 49.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,990 shares of the company’s stock after selling 24,460 shares during the quarter. Alliancebernstein L.P.’s holdings in Funko were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in shares of Funko by 1.9% during the 4th quarter. Rhumbline Advisers now owns 50,050 shares of the company’s stock valued at $670,000 after purchasing an additional 951 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Funko during the 4th quarter worth approximately $38,000. SG Americas Securities LLC increased its stake in shares of Funko by 64.8% in the 4th quarter. SG Americas Securities LLC now owns 18,294 shares of the company’s stock valued at $245,000 after acquiring an additional 7,195 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Funko by 115.8% during the 4th quarter. AlphaQuest LLC now owns 14,154 shares of the company’s stock valued at $190,000 after acquiring an additional 7,595 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Funko by 68.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 23,826 shares of the company’s stock worth $325,000 after acquiring an additional 9,681 shares in the last quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Andrew David Oddie sold 3,867 shares of the business’s stock in a transaction 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 owns 23,200 shares in the company, valued at approximately $205,784. The trade was a 14.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tracy D. Daw sold 18,608 shares of Funko stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total transaction of $132,861.12. Following the transaction, the insider now owns 26,332 shares of the company’s stock, valued at $188,010.48. The trade was a 41.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,959 shares of company stock worth $227,640 in the last ninety days. 4.81% of the stock is owned by insiders.

Funko Trading Down 7.6 %

Shares of Funko stock opened at $4.04 on Tuesday. The company has a 50 day simple moving average of $8.22 and a two-hundred day simple moving average of $10.93. The firm has a market cap of $220.32 million, a PE ratio of -8.42 and a beta of 0.75. Funko, Inc. has a 1 year low of $3.90 and a 1 year high of $14.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 3rd. DA Davidson upgraded shares of Funko to a “strong-buy” rating in a report on Monday, April 14th.

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.