Kestra Private Wealth Services LLC Acquires 10,423 Shares of Hasbro, Inc. (NASDAQ:HAS)

Kestra Private Wealth Services LLC raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 90.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,941 shares of the company's stock after buying an additional 10,423 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Hasbro were worth $1,227,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HAS. Blue Trust Inc. grew its position in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company's stock worth $31,000 after buying an additional 299 shares during the period. True Wealth Design LLC acquired a new position in shares of Hasbro in the 3rd quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of Hasbro in the 3rd quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Hasbro in the 3rd quarter valued at approximately $45,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Hasbro in the 3rd quarter valued at approximately $49,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.82% of the company's stock.

Hasbro Stock Up 0.9 %

Shares of Hasbro stock traded up $0.57 on Friday, reaching $60.82. 1,170,136 shares of the company were exchanged, compared to its average volume of 1,204,573. Hasbro, Inc. has a one year low of $48.63 and a one year high of $73.46. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of -13.11, a PEG ratio of 0.51 and a beta of 0.64. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The company has a 50-day moving average of $58.44 and a 200 day moving average of $64.20.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HAS shares. Morgan Stanley boosted their price objective on Hasbro from $80.00 to $92.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Stifel Nicolaus cut their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Hasbro from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $80.11.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.