Point72 DIFC Ltd Sells 124,081 Shares of Mattel, Inc. (NASDAQ:MAT)

Point72 DIFC Ltd decreased its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 97.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,162 shares of the company's stock after selling 124,081 shares during the quarter. Point72 DIFC Ltd's holdings in Mattel were worth $60,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Mattel by 20,152.4% during the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company's stock worth $178,783,000 after purchasing an additional 10,940,943 shares during the last quarter. LSV Asset Management purchased a new stake in Mattel during the second quarter valued at $32,559,000. Dimensional Fund Advisors LP increased its position in Mattel by 34.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company's stock worth $94,215,000 after buying an additional 1,479,227 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Mattel by 92.5% in the second quarter. Millennium Management LLC now owns 2,456,754 shares of the company's stock worth $39,947,000 after acquiring an additional 1,180,301 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Mattel by 75.2% in the second quarter. American Century Companies Inc. now owns 1,824,979 shares of the company's stock worth $29,674,000 after purchasing an additional 783,264 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

Shares of NASDAQ MAT traded up $0.08 during midday trading on Tuesday, reaching $19.21. 913,066 shares of the company traded hands, compared to its average volume of 3,212,857. The stock has a 50-day moving average price of $19.07 and a 200 day moving average price of $18.43. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.00 and a beta of 0.76. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley lifted their target price on Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. StockNews.com cut shares of Mattel from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Bank of America lifted their target price on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Finally, DA Davidson reiterated a "buy" rating and issued a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $23.75.

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.