Mattel, Inc. (NASDAQ:MAT) Shares Sold by Fmr LLC

Fmr LLC trimmed its holdings in Mattel, Inc. (NASDAQ:MAT) by 85.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,668 shares of the company’s stock after selling 192,295 shares during the quarter. Fmr LLC’s holdings in Mattel were worth $603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its position in Mattel by 2.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock valued at $491,000 after acquiring an additional 693 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after acquiring an additional 775 shares in the last quarter. CWM LLC increased its stake in shares of Mattel by 71.0% during the second quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after acquiring an additional 1,097 shares during the period. State of Alaska Department of Revenue raised its holdings in Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock worth $752,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ:MAT opened at $18.15 on Thursday. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $6.11 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. The firm has a 50-day moving average price of $19.03 and a two-hundred day moving average price of $18.49. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $20.59.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the company posted $1.08 EPS. The company’s revenue was down 3.9% on a year-over-year basis. As a group, research analysts expect that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MAT has been the topic of a number of analyst reports. Bank of America lifted their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Morgan Stanley increased their price target on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. DA Davidson reiterated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.75.

Mattel 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.