Mattel, Inc. (NASDAQ:MAT) Shares Sold by Capital International Investors

Capital International Investors reduced its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 84.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,187,746 shares of the company's stock after selling 17,199,761 shares during the period. Capital International Investors owned 0.95% of Mattel worth $56,519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after purchasing an additional 926 shares during the period. West Oak Capital LLC boosted its stake in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock worth $35,000 after buying an additional 1,955 shares during the period. TD Private Client Wealth LLC acquired a new stake in shares of Mattel during the fourth quarter valued at about $51,000. GAMMA Investing LLC raised its stake in shares of Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after acquiring an additional 744 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after acquiring an additional 2,972 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on MAT. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and lifted their target price for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Morgan Stanley lifted their price objective on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, DA Davidson upgraded Mattel to a "strong-buy" rating in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.57.

Mattel Stock Up 0.2 %

Shares of Mattel stock traded up $0.03 on Tuesday, reaching $14.58. 3,965,753 shares of the company were exchanged, compared to its average volume of 3,575,148. The stock's 50 day moving average price is $18.85 and its 200-day moving average price is $18.88. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07. The company has a market cap of $4.71 billion, a P/E ratio of 9.11, 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, topping the consensus estimate 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 quarter in the previous year, the firm posted $0.29 earnings per share. As a group, equities analysts forecast that Mattel, Inc. will post 1.7 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.