Prudential PLC reduced its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 75.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,966 shares of the company's stock after selling 48,369 shares during the quarter. Prudential PLC's holdings in Mattel were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock valued at $27,000 after acquiring an additional 926 shares during the last quarter. West Oak Capital LLC grew its stake in shares of Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after purchasing an additional 1,955 shares during the period. TD Private Client Wealth LLC purchased a new stake in shares of Mattel during the 4th quarter valued at about $51,000. GAMMA Investing LLC lifted 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 worth $63,000 after purchasing an additional 744 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Mattel by 175.1% in the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after buying an additional 2,972 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.
Mattel Price Performance
NASDAQ MAT traded up $0.27 on Friday, reaching $15.04. The company had a trading volume of 6,031,858 shares, compared to its average volume of 3,527,256. The stock has a market capitalization of $4.86 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The firm's 50 day moving average price is $19.79 and its 200 day moving average price is $19.09.
Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period in the prior year, the company earned $0.29 EPS. As a group, equities analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have commented on the stock. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. DA Davidson upped their price objective on Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Jefferies Financial Group upgraded 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 research report on Wednesday, February 5th. Finally, Morgan Stanley boosted their price target on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Mattel has a consensus rating of "Moderate Buy" and an average target price of $25.57.
Read Our Latest Report on Mattel
About Mattel
(
Free Report)
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.
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