Mattel, Inc. (NASDAQ:MAT) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 79.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,231 shares of the company's stock after selling 16,770 shares during the period. AlphaQuest LLC's holdings in Mattel were worth $75,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new position in Mattel in the third quarter worth about $34,000. West Oak Capital LLC raised its holdings in shares of Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after buying an additional 1,955 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after buying an additional 744 shares during the period. Venturi Wealth Management LLC grew its holdings in Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after buying an additional 2,972 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Mattel by 2,698.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company's stock valued at $125,000 after acquiring an additional 6,826 shares during the period. Institutional investors own 97.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. DA Davidson upped their price objective on shares of Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Morgan Stanley increased their target price on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and boosted their price target for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Mattel has a consensus rating of "Moderate Buy" and an average price target of $25.57.

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Mattel Price Performance

Mattel stock traded down $0.23 during midday trading on Friday, hitting $19.80. The company's stock had a trading volume of 22,651,235 shares, compared to its average volume of 3,258,232. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $6.60 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The stock's 50-day moving average price is $20.06 and its 200-day moving average price is $19.26.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping 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 period in the prior year, the company posted $0.29 EPS. Analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

About Mattel

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.