Van ECK Associates Corp Acquires 29,066 Shares of Hasbro, Inc. (NASDAQ:HAS)

Van ECK Associates Corp raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 38.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,201 shares of the company’s stock after purchasing an additional 29,066 shares during the quarter. Van ECK Associates Corp owned 0.08% of Hasbro worth $5,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Huntington National Bank boosted its holdings in shares of Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after buying an additional 163 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in Hasbro by 2.2% during the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after purchasing an additional 166 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in Hasbro by 4.6% during the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock valued at $356,000 after purchasing an additional 217 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Hasbro by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock valued at $797,000 after purchasing an additional 259 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Hasbro by 4.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,474 shares of the company’s stock valued at $365,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling

In other news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.82% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HAS. DA Davidson increased their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus lowered their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Morgan Stanley upped their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Trading Up 0.9 %

Hasbro stock opened at $60.82 on Tuesday. The stock has a 50-day moving average of $58.44 and a two-hundred day moving average of $64.20. 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 one year low of $48.63 and a one year high of $73.46. The stock has a market cap of $8.48 billion, a PE ratio of -13.11, a price-to-earnings-growth ratio of 0.51 and a beta of 0.64.

About Hasbro

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.