XTX Topco Ltd Raises Stock Position in Funko, Inc. (NASDAQ:FNKO)

XTX Topco Ltd raised its stake in shares of Funko, Inc. (NASDAQ:FNKO) by 203.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,560 shares of the company’s stock after purchasing an additional 23,840 shares during the quarter. XTX Topco Ltd owned approximately 0.07% of Funko worth $435,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in Funko during the 2nd quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Funko during the 2nd quarter valued at $121,000. Walleye Capital LLC bought a new stake in shares of Funko during the 3rd quarter valued at $129,000. SG Americas Securities LLC bought a new stake in shares of Funko during the 3rd quarter valued at $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Funko during the 3rd quarter valued at $196,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

Funko Stock Performance

Shares of Funko stock opened at $11.71 on Friday. The stock has a market cap of $634.17 million, a price-to-earnings ratio of -24.40 and a beta of 1.22. The firm’s 50-day moving average is $11.57 and its 200 day moving average is $10.58. Funko, Inc. has a 1 year low of $5.36 and a 1 year high of $12.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64.

Analyst Ratings Changes

FNKO has been the topic of a number of research reports. DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Funko in a report on Thursday, November 14th. B. Riley boosted their target price on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Finally, Stifel Nicolaus boosted their target price on shares of Funko from $9.00 to $10.50 and gave the company a “hold” rating in a report on Tuesday, October 22nd.

Insider Buying and Selling

In other Funko news, insider Andrew David Oddie sold 10,800 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $12.03, for a total transaction of $129,924.00. Following the transaction, the insider now owns 40,372 shares in the company, valued at approximately $485,675.16. This represents a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael C. Lunsford sold 97,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the transaction, the director now owns 11,613 shares in the company, valued at $120,775.20. This represents a 89.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 116,805 shares of company stock worth $1,246,661 in the last quarter. Corporate insiders own 4.81% of the company’s stock.

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.