Mattel, Inc. (NASDAQ:MAT) Stock Position Raised by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its position in Mattel, Inc. (NASDAQ:MAT) by 75.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,274 shares of the company’s stock after acquiring an additional 7,438 shares during the quarter. Vinva Investment Management Ltd’s holdings in Mattel were worth $306,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Mattel by 3.1% in the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after buying an additional 318,125 shares in the last quarter. Franklin Resources Inc. lifted its position in Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after buying an additional 4,270,162 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Mattel by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company’s stock worth $119,862,000 after buying an additional 27,204 shares in the last quarter. Geode Capital Management LLC lifted its position in Mattel by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock worth $116,896,000 after buying an additional 17,309 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Mattel by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock worth $77,847,000 after buying an additional 127,064 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Performance

NASDAQ:MAT opened at $19.80 on Friday. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.07. The firm’s fifty day simple moving average is $20.06 and its 200 day simple moving average is $19.26. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $6.60 billion, a PE ratio of 12.38, a PEG ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the firm posted $0.29 EPS. On average, sell-side analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MAT shares. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. DA Davidson increased their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley increased their price target on shares of Mattel from $22.00 to $23.00 and gave the stock 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 assigned a buy rating to the stock. According to MarketBeat.com, Mattel has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Company 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.