Funko Inc (FNKO) Major Shareholder Sells $973,954.35 in Stock

Funko Inc (NASDAQ:FNKO) major shareholder Richard L. Mcnally sold 52,335 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $18.61, for a total transaction of $973,954.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Funko stock traded up $0.76 during trading on Tuesday, reaching $18.95. The company’s stock had a trading volume of 458,143 shares, compared to its average volume of 348,719. Funko Inc has a 52-week low of $7.10 and a 52-week high of $31.12. The stock has a market capitalization of $895.74 million, a price-to-earnings ratio of 63.17, a price-to-earnings-growth ratio of 1.07 and a beta of 2.76. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.99 and a current ratio of 1.48.

A number of brokerages have recently issued reports on FNKO. Zacks Investment Research raised shares of Funko from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, January 24th. Piper Jaffray Companies set a $21.00 price objective on shares of Funko and gave the company a “buy” rating in a research note on Monday, January 14th. Jefferies Financial Group set a $23.00 price objective on shares of Funko and gave the company a “buy” rating in a research note on Wednesday, November 28th. Finally, BMO Capital Markets upped their price objective on shares of Funko from $10.50 to $12.00 and gave the company a “market perform” rating in a research note on Thursday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Funko has a consensus rating of “Buy” and a consensus price target of $19.00.

Several institutional investors have recently made changes to their positions in the company. Sun Life Financial INC purchased a new stake in Funko during the 4th quarter valued at $61,000. Citigroup Inc. boosted its position in Funko by 152.7% during the 4th quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock valued at $96,000 after buying an additional 4,402 shares during the period. Rhumbline Advisers purchased a new stake in Funko during the 3rd quarter valued at $214,000. Trexquant Investment LP purchased a new stake in Funko during the 3rd quarter valued at $223,000. Finally, Bank of America Corp DE boosted its position in Funko by 51.9% during the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $123,000 after buying an additional 3,348 shares during the period. 40.01% of the stock is owned by institutional investors.

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Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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