Edmond DE Rothschild Holding S.A. Sells 130,000 Shares of Mattel, Inc. (NASDAQ:MAT)

Edmond DE Rothschild Holding S.A. reduced its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 780,000 shares of the company's stock after selling 130,000 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.23% of Mattel worth $13,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake in Mattel by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock valued at $194,000 after acquiring an additional 601 shares during the last quarter. Clear Harbor Asset Management LLC increased its holdings in Mattel by 5.5% during the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company's stock worth $229,000 after acquiring an additional 675 shares during the period. Xponance Inc. raised its position in shares of Mattel by 1.6% in the fourth quarter. Xponance Inc. now owns 46,262 shares of the company's stock worth $820,000 after buying an additional 739 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after acquiring an additional 744 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock valued at $27,000 after purchasing an additional 926 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

MAT has been the subject of a number of research reports. DA Davidson upped their price objective on Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Morgan Stanley boosted their price target 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 Mattel from a "hold" rating to a "buy" rating and increased their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Mattel presently has a consensus rating of "Moderate Buy" and an average target price of $25.57.

Mattel Stock Down 16.3 %

NASDAQ MAT traded down $3.25 during mid-day trading on Thursday, reaching $16.63. The stock had a trading volume of 7,901,118 shares, compared to its average volume of 3,402,264. The company has a fifty day moving average price of $20.32 and a 200 day moving average price of $19.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.07. The stock has a market cap of $5.37 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company earned $0.29 EPS. On average, research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current 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.