KBC Group NV Purchases 4,818 Shares of Mattel, Inc. (NASDAQ:MAT)

KBC Group NV lifted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 47.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,984 shares of the company’s stock after purchasing an additional 4,818 shares during the quarter. KBC Group NV’s holdings in Mattel were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Mattel during the third quarter worth $29,000. Prospera Private Wealth LLC bought a new position in shares of Mattel during the third quarter valued at $34,000. West Oak Capital LLC boosted its stake in shares of Mattel by 9,775.0% in 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 in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after purchasing an additional 775 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MAT shares. Morgan Stanley increased their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a report on Friday. Bank of America increased their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, DA Davidson reiterated a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.86.

Mattel Price Performance

Shares of NASDAQ MAT opened at $17.78 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $5.99 billion, a PE ratio of 11.11, a P/E/G ratio of 0.88 and a beta of 0.76. The firm has a fifty day simple moving average of $18.43 and a 200 day simple moving average of $18.79. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $20.59.

About Mattel

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.