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

XTX Topco Ltd grew its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 203.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,560 shares of the company’s stock after purchasing an additional 23,840 shares during the quarter. XTX Topco Ltd’s holdings in Funko were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

FNKO has been the subject of several analyst reports. Stifel Nicolaus increased their target price on shares of Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. B. Riley increased their price objective 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, DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Funko in a report on Thursday, November 14th.

Insider Activity

In other news, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the transaction, the insider now directly 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 can be accessed through the SEC website. Also, Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $10.40, for a total value of $1,008,800.00. Following the transaction, the director now owns 11,613 shares of the company’s stock, valued at $120,775.20. This represents a 89.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,805 shares of company stock worth $1,246,661. 4.81% of the stock is currently owned by insiders.

Funko Trading Down 3.7 %

Shares of FNKO opened at $11.71 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. Funko, Inc. has a 1 year low of $5.36 and a 1 year high of $12.61. The company has a 50 day simple moving average of $11.57 and a two-hundred day simple moving average of $10.58. The firm has a market cap of $634.17 million, a P/E ratio of -24.40 and a beta of 1.22.

Funko 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.