Mattel, Inc. (NASDAQ:MAT) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,222 shares of the company's stock after selling 20,713 shares during the quarter. Corebridge Financial Inc. owned about 0.11% of Mattel worth $6,759,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MAT. Magnetar Financial LLC purchased a new stake in shares of Mattel in the fourth quarter valued at about $944,000. Citigroup Inc. grew its stake in shares of Mattel by 449.9% in the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company's stock valued at $5,562,000 after buying an additional 238,884 shares during the period. FORA Capital LLC acquired a new stake in shares of Mattel during the 3rd quarter worth approximately $1,003,000. Charles Schwab Investment Management Inc. raised its position in shares of Mattel by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock valued at $77,847,000 after buying an additional 127,064 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Mattel by 53.2% in the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company's stock valued at $3,283,000 after acquiring an additional 59,845 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Up 0.6 %

Shares of MAT stock traded up $0.13 during trading on Wednesday, reaching $19.56. The company's stock had a trading volume of 606,836 shares, compared to its average volume of 3,370,201. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $22.07. The stock's 50-day moving average price is $20.28 and its 200 day moving average price is $19.32. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 2.35 and a beta of 0.51. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on MAT. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. DA Davidson boosted their price objective on shares of Mattel from $27.00 to $30.00 and gave the company 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 stock an "equal weight" rating in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and boosted their price target for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $25.57.

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.