American International Group Inc. Has $9.01 Million Stake in Mattel, Inc. (NASDAQ:MAT)

American International Group Inc. reduced its stake in Mattel, Inc. (NASDAQ:MATFree Report) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 477,127 shares of the company’s stock after selling 21,800 shares during the period. American International Group Inc. owned about 0.14% of Mattel worth $9,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Mattel by 70.0% during the 4th quarter. BNP Paribas Financial Markets now owns 328,239 shares of the company’s stock worth $6,197,000 after acquiring an additional 135,209 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Mattel in the fourth quarter valued at approximately $1,484,000. Jericho Capital Asset Management L.P. bought a new position in Mattel in the 3rd quarter valued at approximately $76,819,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Mattel by 12.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,131 shares of the company’s stock worth $1,437,000 after buying an additional 8,476 shares during the period. Finally, Stifel Financial Corp grew its holdings in Mattel by 161.8% during the 3rd quarter. Stifel Financial Corp now owns 146,494 shares of the company’s stock worth $3,227,000 after acquiring an additional 90,539 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MAT shares. Roth Mkm reaffirmed a “neutral” rating and set a $21.00 price target on shares of Mattel in a research note on Wednesday, April 24th. Jefferies Financial Group lifted their target price on Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 15th. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. DA Davidson raised their price target on shares of Mattel from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Citigroup upped their price objective on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.78.

Get Our Latest Report on Mattel

Insiders Place Their Bets

In other news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $18.83, for a total transaction of $407,763.65. Following the completion of the sale, the executive vice president now owns 106,086 shares in the company, valued at $1,997,599.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the transaction, the executive vice president now directly owns 106,086 shares of the company’s stock, valued at $1,997,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steve Totzke sold 23,662 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $18.89, for a total transaction of $446,975.18. Following the sale, the insider now directly owns 152,018 shares of the company’s stock, valued at $2,871,620.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,533 shares of company stock worth $1,709,321. Corporate insiders own 1.50% of the company’s stock.

Mattel Stock Down 0.9 %

Shares of NASDAQ MAT opened at $17.61 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.49 and a debt-to-equity ratio of 1.15. The firm has a market cap of $6.06 billion, a PE ratio of 21.22, a P/E/G ratio of 1.12 and a beta of 0.90. The company’s fifty day simple moving average is $18.42 and its 200 day simple moving average is $18.77. Mattel, Inc. has a 12-month low of $16.20 and a 12-month high of $22.64.

Mattel (NASDAQ:MATGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.07. The firm had revenue of $809.50 million for the quarter, compared to analyst estimates of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) earnings per share. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.4 earnings per share for the current fiscal year.

Mattel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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