Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of Funko Inc (NASDAQ:FNKO) by 43.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,966 shares of the company’s stock after purchasing an additional 13,694 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Funko were worth $976,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Campbell Newman Asset Management Inc. boosted its position in Funko by 11.7% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 17,802 shares of the company’s stock worth $234,000 after purchasing an additional 1,870 shares during the period. Teachers Advisors LLC boosted its position in Funko by 7.6% during the third quarter. Teachers Advisors LLC now owns 20,087 shares of the company’s stock worth $476,000 after purchasing an additional 1,417 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Funko during the fourth quarter worth $452,000. Shellback Capital LP bought a new position in Funko during the fourth quarter worth $2,080,000. Finally, Two Sigma Advisers LP boosted its position in Funko by 11.9% during the fourth quarter. Two Sigma Advisers LP now owns 26,300 shares of the company’s stock worth $346,000 after purchasing an additional 2,788 shares during the period. Institutional investors own 40.90% of the company’s stock.

In related news, major shareholder Richard L. Mcnally sold 52,335 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $18.61, for a total transaction of $973,954.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tracy D. Daw sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $20.13, for a total transaction of $201,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,665,806 shares of company stock valued at $34,226,577. 16.26% of the stock is currently owned by company insiders.

Shares of Funko stock traded up $0.39 during trading on Thursday, reaching $22.09. The company’s stock had a trading volume of 5,637 shares, compared to its average volume of 615,138. The stock has a market cap of $1.04 billion, a PE ratio of 32.47, a PEG ratio of 1.17 and a beta of 2.48. Funko Inc has a 52 week low of $9.37 and a 52 week high of $31.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.31 and a current ratio of 1.94.

Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. The company had revenue of $166.80 million during the quarter, compared to analysts’ expectations of $159.59 million. Funko had a net margin of 1.48% and a return on equity of 15.28%. Funko’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 earnings per share. Equities research analysts predict that Funko Inc will post 0.95 earnings per share for the current fiscal year.

A number of equities analysts have commented on FNKO shares. Piper Jaffray Companies set a $27.00 price objective on shares of Funko and gave the stock a “buy” rating in a research report on Friday, March 1st. Jefferies Financial Group lifted their price objective on shares of Funko to $27.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. SunTrust Banks lifted their price objective on shares of Funko to $26.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. 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 report on Thursday, January 24th. Finally, Stifel Nicolaus lifted their price objective on shares of Funko from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Funko currently has a consensus rating of “Buy” and an average target price of $23.78.

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About Funko

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, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)

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