Mirae Asset Global Investments Co. Ltd. Has $807,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 50.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,228 shares of the company’s stock after buying an additional 4,749 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hasbro were worth $807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HAS. Pacer Advisors Inc. boosted its position in Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after acquiring an additional 2,779,877 shares during the period. Mizuho Securities USA LLC lifted its position in shares of Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after purchasing an additional 989,906 shares in the last quarter. Smith Group Asset Management LLC acquired a new stake in shares of Hasbro during the third quarter worth approximately $32,032,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Hasbro by 207.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock worth $30,629,000 after purchasing an additional 369,744 shares during the period. Finally, Jennison Associates LLC grew its position in Hasbro by 882.9% during the fourth quarter. Jennison Associates LLC now owns 400,818 shares of the company’s stock valued at $22,410,000 after purchasing an additional 360,039 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated 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 directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets

HAS has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. DA Davidson boosted their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus reduced their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $60.09 on Wednesday. The business’s 50-day simple moving average is $58.93 and its 200-day simple moving average is $64.32. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a 52 week low of $46.09 and a 52 week high of $73.46. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of -12.95, a P/E/G ratio of 0.51 and a beta of 0.64.

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.