Bank of New York Mellon Corp Sells 281,642 Shares of Funko, Inc. (NASDAQ:FNKO)

Bank of New York Mellon Corp lowered its position in Funko, Inc. (NASDAQ:FNKOFree Report) by 65.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,786 shares of the company’s stock after selling 281,642 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.29% of Funko worth $1,161,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in shares of Funko during the 2nd quarter worth about $28,000. Alliancebernstein L.P. lifted its stake in shares of Funko by 16.1% during the 2nd quarter. Alliancebernstein L.P. now owns 48,430 shares of the company’s stock worth $524,000 after buying an additional 6,730 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Funko by 105.6% during the 2nd quarter. Wells Fargo & Company MN now owns 15,369 shares of the company’s stock worth $166,000 after buying an additional 7,893 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Funko by 1.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 129,423 shares of the company’s stock worth $1,400,000 after buying an additional 2,301 shares during the last quarter. Finally, Bayberry Capital Partners LP lifted its stake in shares of Funko by 132.7% during the 2nd quarter. Bayberry Capital Partners LP now owns 775,000 shares of the company’s stock worth $8,386,000 after buying an additional 442,000 shares during the last quarter. Institutional investors and hedge funds own 89.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on FNKO shares. The Goldman Sachs Group lifted their price objective on shares of Funko from $5.00 to $6.50 and gave the stock a “sell” rating in a research note on Monday, November 6th. DA Davidson raised their target price on shares of Funko from $9.50 to $10.50 and gave the company a “buy” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.70.

Get Our Latest Analysis on FNKO

Funko Stock Up 9.5 %

Shares of FNKO opened at $8.04 on Friday. The stock has a market capitalization of $423.55 million, a price-to-earnings ratio of -2.06 and a beta of 1.09. Funko, Inc. has a 52 week low of $5.27 and a 52 week high of $13.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.58 and a current ratio of 0.96. The stock has a fifty day moving average of $7.19 and a 200-day moving average of $7.14.

About Funko

(Free Report)

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; fashion accessories, including handbags, backpacks, wallets, clothing, and other accessories; and figures, apparel, board games, accessories, plush products, homewares, vinyl records and art prints, posters, and digital non-fungible tokens, as well as creates soundtracks, toys, books, games, and other collectibles.

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Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)

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