Massachusetts Financial Services Co. MA Reduces Position in Funko, Inc. (NASDAQ:FNKO)

Massachusetts Financial Services Co. MA trimmed its position in Funko, Inc. (NASDAQ:FNKO) by 84.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 457,017 shares of the company’s stock after selling 2,432,555 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Funko were worth $6,119,000 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. FMR LLC increased its position in shares of Funko by 1,541.0% in the third quarter. FMR LLC now owns 57,649 shares of the company’s stock valued at $704,000 after acquiring an additional 54,136 shares during the period. Walleye Capital LLC purchased a new position in Funko during the 3rd quarter valued at about $129,000. Point72 Asset Management L.P. bought a new position in Funko during the 3rd quarter valued at approximately $287,000. Jane Street Group LLC lifted its holdings in Funko by 50.0% in the 3rd quarter. Jane Street Group LLC now owns 97,857 shares of the company’s stock worth $1,196,000 after buying an additional 32,598 shares during the period. Finally, XTX Topco Ltd boosted its holdings in Funko by 203.4% in the third quarter. XTX Topco Ltd now owns 35,560 shares of the company’s stock valued at $435,000 after acquiring an additional 23,840 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors.

Insider Transactions at Funko

In other Funko news, insider Andrew David Oddie sold 3,867 shares of Funko stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $8.87, for a total value of $34,300.29. Following the sale, the insider now owns 23,200 shares of the company’s stock, valued at $205,784. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jason Harinstein purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average cost of $7.09 per share, for a total transaction of $106,350.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at $106,350. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 29,959 shares of company stock worth $227,640 in the last quarter. Company insiders own 4.81% of the company’s stock.

Funko Trading Down 5.3 %

NASDAQ:FNKO opened at $4.98 on Tuesday. The company has a market cap of $271.58 million, a PE ratio of -10.38 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. Funko, Inc. has a 12 month low of $4.78 and a 12 month high of $14.65. The company has a 50 day simple moving average of $10.47 and a two-hundred day simple moving average of $11.56.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stifel Nicolaus upped their target price on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. DA Davidson decreased their target price on shares of Funko from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, March 7th.

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.