JPMorgan Chase & Co. Has $15.28 Million Holdings in Mattel, Inc. (NASDAQ:MAT)

JPMorgan Chase & Co. lowered its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 25.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 802,169 shares of the company's stock after selling 271,585 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.24% of Mattel worth $15,281,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. boosted its stake in Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock valued at $28,000 after acquiring an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Mattel in the 3rd quarter worth $29,000. Prospera Private Wealth LLC bought a new position in shares of Mattel in the 3rd quarter worth $34,000. GAMMA Investing LLC grew its stake in shares of Mattel by 38.3% during the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $53,000 after purchasing an additional 775 shares during the period. Finally, Blue Trust Inc. increased its holdings in Mattel by 74.2% in the third quarter. Blue Trust Inc. now owns 3,610 shares of the company's stock valued at $69,000 after purchasing an additional 1,538 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group raised their target price on Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Morgan Stanley upped their target price on shares of Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Bank of America lifted their price target on shares of Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research report on Thursday, January 2nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Mattel presently has an average rating of "Moderate Buy" and an average price target of $23.75.

Mattel Stock Performance

Shares of MAT traded up $0.25 during midday trading on Friday, reaching $18.68. The stock had a trading volume of 3,340,997 shares, compared to its average volume of 2,518,499. The firm has a market cap of $6.29 billion, a PE ratio of 11.68, a P/E/G ratio of 0.97 and a beta of 0.75. The firm has a 50 day simple moving average of $18.66 and a 200-day simple moving average of $18.57. Mattel, Inc. has a one year low of $15.87 and a one year high of $20.59. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. Mattel's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.46 EPS for the current 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.