JAKKS Pacific (NASDAQ:JAKK) Shares Cross Above 200 Day Moving Average - Here's What Happened

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.31 and traded as high as $33.40. JAKKS Pacific shares last traded at $32.63, with a volume of 131,601 shares.

Analysts Set New Price Targets

Several research firms have recently weighed in on JAKK. B. Riley boosted their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of JAKKS Pacific from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $41.67.

JAKKS Pacific Trading Up 0.1 %

The firm has a market cap of $374.43 million, a price-to-earnings ratio of 12.53 and a beta of 2.22. The stock's 50 day moving average is $28.65 and its 200 day moving average is $26.58.

Insider Activity at JAKKS Pacific

In related news, CFO John Louis Kimble sold 48,253 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $27.62, for a total value of $1,332,747.86. Following the transaction, the chief financial officer now owns 95,544 shares in the company, valued at approximately $2,638,925.28. This represents a 33.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in JAKKS Pacific by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 57,989 shares of the company's stock valued at $1,632,000 after purchasing an additional 831 shares during the period. Kovack Advisors Inc. boosted its holdings in JAKKS Pacific by 5.8% in the 3rd quarter. Kovack Advisors Inc. now owns 19,100 shares of the company's stock valued at $487,000 after purchasing an additional 1,050 shares during the period. Wells Fargo & Company MN boosted its holdings in JAKKS Pacific by 19.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,923 shares of the company's stock valued at $195,000 after purchasing an additional 1,105 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in JAKKS Pacific by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,449 shares of the company's stock valued at $716,000 after purchasing an additional 1,258 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in JAKKS Pacific by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 199,606 shares of the company's stock valued at $5,620,000 after purchasing an additional 1,460 shares during the period. Institutional investors and hedge funds own 44.38% of the company's stock.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.