Mirae Asset Global Investments Co. Ltd. Raises Position in Hasbro, Inc. (NASDAQ:HAS)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 50.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,228 shares of the company's stock after purchasing an additional 4,749 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Hasbro were worth $807,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. True Wealth Design LLC acquired a new position in shares of Hasbro in the 3rd quarter valued at about $31,000. Blue Trust Inc. lifted its stake in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company's stock valued at $31,000 after purchasing an additional 299 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Hasbro in the 3rd quarter valued at about $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Hasbro in the 3rd quarter valued at about $45,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Hasbro in the 3rd quarter valued at about $49,000. 91.83% of the stock is owned by institutional investors.

Insider Activity at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares of the company's stock, valued at $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HAS shares. DA Davidson boosted their target price on Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Morgan Stanley boosted their target price on Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a research note 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. upped their price objective 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $80.11.

Hasbro Price Performance

Shares of Hasbro stock traded up $0.57 during trading on Friday, hitting $60.82. The stock had a trading volume of 1,170,136 shares, compared to its average volume of 1,204,573. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of -13.11, a P/E/G 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. Hasbro, Inc. has a 12 month low of $48.63 and a 12 month high of $73.46. The business's 50-day moving average is $58.44 and its 200 day moving average is $64.20.

Hasbro Company 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.