Wealthfront Advisers LLC Acquires Shares of 55,778 Mattel, Inc. (NASDAQ:MAT)

Wealthfront Advisers LLC acquired a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 55,778 shares of the company's stock, valued at approximately $989,000.

Several other institutional investors also recently modified their holdings of MAT. Prospera Private Wealth LLC bought a new stake in Mattel during the third quarter valued at $34,000. West Oak Capital LLC boosted its position in Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after acquiring an additional 1,955 shares during the last quarter. GAMMA Investing LLC boosted its position in Mattel by 26.6% during the fourth 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 last quarter. Venturi Wealth Management LLC boosted its position in Mattel by 175.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock valued at $83,000 after acquiring an additional 2,972 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Mattel by 2,698.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company's stock valued at $125,000 after acquiring an additional 6,826 shares during the last quarter. Institutional investors own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

MAT has been the topic of a number of research analyst reports. DA Davidson upped their price target on shares of Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and raised their price target for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, Morgan Stanley raised their target price on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $25.57.

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Mattel Stock Up 0.9 %

Shares of NASDAQ MAT traded up $0.17 during mid-day trading on Wednesday, reaching $20.13. 2,673,032 shares of the company's stock traded hands, compared to its average volume of 3,176,627. The stock has a market cap of $6.71 billion, a P/E ratio of 12.58, a PEG ratio of 2.35 and a beta of 0.65. The business has a 50-day simple moving average of $19.97 and a 200 day simple moving average of $19.24. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $22.07. 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 (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company earned $0.29 earnings per share. On average, analysts expect that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Mattel Company 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.