Mattel, Inc. (NASDAQ:MAT) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 25.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,008,772 shares of the company's stock after purchasing an additional 206,603 shares during the quarter. JPMorgan Chase & Co. owned 0.30% of Mattel worth $17,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Mattel by 3.1% in the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company's stock worth $200,354,000 after acquiring an additional 318,125 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Mattel in the third quarter valued at about $224,000. M&T Bank Corp grew its position in shares of Mattel by 17.7% in the third quarter. M&T Bank Corp now owns 12,078 shares of the company's stock valued at $230,000 after purchasing an additional 1,815 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Mattel by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company's stock worth $116,896,000 after purchasing an additional 17,309 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after purchasing an additional 4,270,162 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have commented on MAT. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. DA Davidson upgraded Mattel to a "strong-buy" rating in a research report on Monday. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and upped their target price for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, Morgan Stanley lifted their price target on shares of Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mattel currently has an average rating of "Moderate Buy" and an average target price of $25.57.

Mattel Trading Down 0.1 %

Shares of MAT traded down $0.02 during mid-day trading on Thursday, hitting $14.63. The company had a trading volume of 509,913 shares, compared to its average volume of 4,159,316. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07. The business's 50-day simple moving average is $19.41 and its 200-day simple moving average is $19.01. The stock has a market cap of $4.72 billion, a PE ratio of 9.14, a P/E/G ratio of 2.35 and a beta of 0.51. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

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

Mattel Company 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.