Mattel, Inc. (NASDAQ:MAT) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 484,263 shares of the company's stock after buying an additional 32,178 shares during the quarter. Alliancebernstein L.P. owned approximately 0.14% of Mattel worth $8,586,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MAT. Vanguard Group Inc. grew its stake in Mattel by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock worth $587,469,000 after acquiring an additional 355,769 shares during the period. State Street Corp boosted its holdings in shares of Mattel by 3.1% during the third quarter. State Street Corp now owns 10,517,270 shares of the company's stock worth $200,354,000 after purchasing an additional 318,125 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Mattel by 84.0% in the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock valued at $176,757,000 after purchasing an additional 4,270,162 shares during the period. Geode Capital Management LLC increased its stake in Mattel by 0.3% in the third quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company's stock valued at $116,896,000 after purchasing an additional 17,309 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Mattel by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock worth $77,847,000 after buying an additional 127,064 shares during the period. Institutional investors and hedge funds own 97.15% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have commented on MAT shares. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and lifted their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. DA Davidson upgraded shares of Mattel to a "strong-buy" rating in a report on Monday. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley boosted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mattel presently has an average rating of "Moderate Buy" and a consensus target price of $25.57.

Mattel Stock Down 0.2 %

Shares of NASDAQ:MAT traded down $0.04 during midday trading on Wednesday, hitting $14.89. 373,456 shares of the company's stock traded hands, compared to its average volume of 3,536,352. The company has a market cap of $4.81 billion, a PE ratio of 9.27, a P/E/G ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a twelve month low of $13.95 and a twelve month high of $22.07. The firm's fifty day moving average price is $19.55 and its two-hundred day moving average price is $19.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same quarter last year, the business posted $0.29 earnings per share. On average, equities research analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Mattel Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.