Hsbc Holdings PLC Takes Position in Mattel, Inc. (NASDAQ:MAT)

Hsbc Holdings PLC bought a new position in shares of Mattel, Inc. (NASDAQ:MATFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 62,051 shares of the company’s stock, valued at approximately $1,169,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its stake in shares of Mattel by 833.3% in the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock valued at $25,000 after buying an additional 1,000 shares during the period. Clearstead Advisors LLC acquired a new stake in Mattel during the 3rd quarter valued at approximately $52,000. Partnership Wealth Management LLC bought a new position in Mattel during the 4th quarter worth approximately $61,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Mattel in the 3rd quarter worth approximately $128,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Mattel by 1,788.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,552 shares of the company’s stock valued at $143,000 after purchasing an additional 7,152 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on MAT

Insider Buying and Selling

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

Mattel Stock Down 0.9 %

Mattel stock opened at $17.61 on Monday. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.12 and a beta of 0.90. The firm’s fifty day moving average price is $18.42 and its two-hundred day moving average price is $18.78. Mattel, Inc. has a 1-year low of $16.20 and a 1-year high of $22.64. The company has a current ratio of 2.49, a quick ratio of 1.88 and a debt-to-equity ratio of 1.15.

Mattel (NASDAQ:MATGet Free Report) last announced its quarterly earnings results 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 business had revenue of $809.50 million for the quarter, compared to analysts’ expectations of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.24) EPS. On average, equities research analysts predict that Mattel, Inc. will post 1.4 earnings per share for the current fiscal year.

About Mattel

(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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