Geode Capital Management LLC Sells 240,514 Shares of Mattel, Inc. (NASDAQ:MAT)

Geode Capital Management LLC trimmed its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,894,177 shares of the company's stock after selling 240,514 shares during the quarter. Geode Capital Management LLC owned approximately 1.75% of Mattel worth $104,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Magnetar Financial LLC acquired a new stake in shares of Mattel in the fourth quarter worth about $944,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Mattel by 34.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock valued at $37,760,000 after acquiring an additional 545,300 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 355,769 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 127,064 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Mattel during the fourth quarter worth approximately $660,000. Institutional investors own 97.15% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MAT. Morgan Stanley boosted their price objective 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. DA Davidson boosted their target price on shares of Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and upped their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Mattel has an average rating of "Moderate Buy" and an average price target of $25.57.

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Mattel Stock Performance

Shares of MAT traded up $0.27 during trading hours on Friday, reaching $15.04. 6,031,858 shares of the company traded hands, compared to its average volume of 3,527,256. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock's fifty day moving average is $19.79 and its 200 day moving average is $19.09. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07. The stock has a market cap of $4.86 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $0.29 earnings per share. Equities research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share 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.