Mattel, Inc. (NASDAQ:MAT) Holdings Cut by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its stake in Mattel, Inc. (NASDAQ:MAT) by 43.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,217 shares of the company’s stock after selling 2,474 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Mattel were worth $58,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MAT. V Square Quantitative Management LLC bought a new position in Mattel in the 3rd quarter worth about $29,000. Prospera Private Wealth LLC acquired a new position in shares of Mattel during the third quarter worth approximately $34,000. West Oak Capital LLC grew its holdings in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after buying an additional 1,955 shares in the last quarter. GAMMA Investing LLC increased its position in Mattel by 26.6% in the 4th 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 period. Finally, Blue Trust Inc. raised its stake in Mattel by 74.2% during the 3rd quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock valued at $69,000 after acquiring an additional 1,538 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

Mattel Stock Up 0.1 %

MAT stock opened at $21.94 on Friday. The firm has a market cap of $7.39 billion, a PE ratio of 13.71, a P/E/G ratio of 2.32 and a beta of 0.76. Mattel, Inc. has a 12 month low of $15.87 and a 12 month 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 1.88. The firm has a 50 day simple moving average of $18.80 and a 200 day simple moving average of $18.96.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $0.29 earnings per share. Equities research analysts forecast that Mattel, Inc. will post 1.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bank of America raised their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. DA Davidson raised their price objective on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley increased their price target 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Mattel currently has an average rating of “Moderate Buy” and an average target price of $25.57.

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.