home Latest News Gerber Kawasaki Wealth & Investment Management Sells 24,217 Shares of Funko Inc (FNKO) – Fairfield Current

Gerber Kawasaki Wealth & Investment Management Sells 24,217 Shares of Funko Inc (FNKO) – Fairfield Current

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Gerber Kawasaki Wealth & Investment Management trimmed its holdings in Funko Inc (NASDAQ:FNKO) by 43.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,272 shares of the company’s stock after selling 24,217 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned about 0.06% of Funko worth $411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Teachers Advisors LLC increased its holdings in Funko by 7.6% in the 3rd quarter. Teachers Advisors LLC now owns 20,087 shares of the company’s stock worth $476,000 after buying an additional 1,417 shares in the last quarter. Campbell Newman Asset Management Inc. increased its holdings in Funko by 11.7% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 17,802 shares of the company’s stock worth $234,000 after buying an additional 1,870 shares in the last quarter. Bank of America Corp DE increased its holdings in Funko by 51.9% in the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock worth $123,000 after buying an additional 3,348 shares in the last quarter. First Trust Advisors LP increased its holdings in Funko by 24.7% in the 4th quarter. First Trust Advisors LP now owns 18,725 shares of the company’s stock worth $246,000 after buying an additional 3,705 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Funko by 50.2% in the 4th quarter. Rhumbline Advisers now owns 13,573 shares of the company’s stock worth $178,000 after buying an additional 4,539 shares in the last quarter. Institutional investors own 40.96% of the company’s stock.

In other Funko news, major shareholder Richard L. Mcnally sold 150,000 shares of the business’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $18.09, for a total transaction of $2,713,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Richard L. Mcnally sold 52,335 shares of Funko stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $18.61, for a total value of $973,954.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,498,567 shares of company stock valued at $29,958,672. Corporate insiders own 18.39% of the company’s stock.

Shares of Funko stock traded up $0.56 during trading hours on Friday, reaching $21.66. 775,650 shares of the stock traded hands, compared to its average volume of 588,619. The company has a market cap of $1.05 billion, a P/E ratio of 31.85, a P/E/G ratio of 1.25 and a beta of 2.76. Funko Inc has a one year low of $7.42 and a one year high of $31.12. The company has a quick ratio of 1.26, a current ratio of 1.89 and a debt-to-equity ratio of 0.73.

Several research firms recently commented on FNKO. Piper Jaffray Companies set a $27.00 price objective on Funko and gave the stock a “buy” rating in a report on Friday, March 1st. SunTrust Banks boosted their price target on Funko to $26.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research downgraded Funko from a “hold” rating to a “strong sell” rating in a research note on Friday, December 7th. BMO Capital Markets boosted their price target on Funko from $12.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group boosted their price target on Funko to $27.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.00.

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Funko 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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Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)

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