Funko, Inc. (NASDAQ:FNKO) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its holdings in shares of Funko, Inc. (NASDAQ:FNKOGet Rating) by 106.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 8,583 shares of the company’s stock after buying an additional 4,429 shares during the period. Lazard Asset Management LLC’s holdings in Funko were worth $191,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its stake in Funko by 11.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,615,231 shares of the company’s stock worth $27,863,000 after acquiring an additional 165,984 shares during the period. Hood River Capital Management LLC raised its stake in Funko by 2.6% during the first quarter. Hood River Capital Management LLC now owns 1,411,248 shares of the company’s stock worth $24,344,000 after acquiring an additional 35,202 shares during the period. Bank of New York Mellon Corp raised its stake in Funko by 18.0% during the first quarter. Bank of New York Mellon Corp now owns 1,050,149 shares of the company’s stock worth $18,115,000 after acquiring an additional 160,283 shares during the period. Victory Capital Management Inc. raised its stake in Funko by 625.6% during the second quarter. Victory Capital Management Inc. now owns 878,115 shares of the company’s stock worth $19,600,000 after acquiring an additional 757,101 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Funko by 47.5% during the first quarter. Dimensional Fund Advisors LP now owns 658,720 shares of the company’s stock worth $11,363,000 after acquiring an additional 212,113 shares during the period. Institutional investors and hedge funds own 80.80% of the company’s stock.

Insider Buying and Selling

In related news, insider Tracy D. Daw sold 26,800 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $22.78, for a total transaction of $610,504.00. Following the completion of the sale, the insider now directly owns 46,730 shares in the company, valued at $1,064,509.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Jung Jennifer Fall sold 37,207 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $23.39, for a total transaction of $870,271.73. Following the completion of the sale, the chief financial officer now directly owns 52,310 shares in the company, valued at $1,223,530.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tracy D. Daw sold 26,800 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $22.78, for a total transaction of $610,504.00. Following the completion of the transaction, the insider now directly owns 46,730 shares of the company’s stock, valued at approximately $1,064,509.40. The disclosure for this sale can be found here. 12.56% of the stock is currently owned by insiders.

Funko Trading Up 1.6 %

Funko stock opened at $8.88 on Monday. The firm has a 50 day simple moving average of $18.75 and a 200-day simple moving average of $20.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 0.67. The stock has a market capitalization of $448.24 million, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.82 and a beta of 1.84. Funko, Inc. has a 12-month low of $7.60 and a 12-month high of $27.79.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America lowered shares of Funko from a “buy” rating to a “neutral” rating and dropped their price target for the company from $35.00 to $9.00 in a research note on Monday, November 7th. DA Davidson dropped their price target on shares of Funko from $48.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. BMO Capital Markets dropped their price target on shares of Funko from $22.00 to $10.00 and set a “market perform” rating on the stock in a research note on Monday, November 7th. The Goldman Sachs Group dropped their price target on shares of Funko from $25.50 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, November 7th. Finally, JPMorgan Chase & Co. lowered shares of Funko from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $32.00 to $16.00 in a research note on Friday, November 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.14.

About Funko

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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 vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others.

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Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)

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