abrdn plc Boosts Holdings in Hasbro, Inc. (NASDAQ:HAS)

abrdn plc grew its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 64.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,185 shares of the company's stock after buying an additional 7,488 shares during the period. abrdn plc's holdings in Hasbro were worth $1,075,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAS. Pacer Advisors Inc. boosted its holdings in shares of Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after buying an additional 2,779,877 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock worth $72,320,000 after purchasing an additional 989,906 shares during the period. Smith Group Asset Management LLC acquired a new stake in Hasbro during the 3rd quarter worth $32,032,000. Robeco Institutional Asset Management B.V. boosted its stake in Hasbro by 207.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company's stock worth $30,629,000 after purchasing an additional 369,744 shares during the period. Finally, Jennison Associates LLC boosted its stake in Hasbro by 882.9% during the 4th quarter. Jennison Associates LLC now owns 400,818 shares of the company's stock worth $22,410,000 after purchasing an additional 360,039 shares during the period. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Price Performance

Shares of HAS traded up $0.57 during trading hours on Friday, reaching $60.82. The company had a trading volume of 1,170,136 shares, compared to its average volume of 1,284,058. The firm has a 50 day simple moving average of $58.54 and a 200-day simple moving average of $64.23. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of -13.11, a PEG ratio of 0.51 and a beta of 0.64. Hasbro, Inc. has a 12-month low of $48.63 and a 12-month high of $73.46.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.82% of the company's stock.

Wall Street Analyst Weigh In

HAS has been the subject of a number of recent research reports. Morgan Stanley increased their price target on shares of Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. DA Davidson increased their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus decreased their price target on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $80.11.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.