Prudential PLC Has $283,000 Stock Position in Mattel, Inc. (NASDAQ:MAT)

Prudential PLC cut its holdings in Mattel, Inc. (NASDAQ:MAT) by 75.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,966 shares of the company’s stock after selling 48,369 shares during the quarter. Prudential PLC’s holdings in Mattel were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAT. EverSource Wealth Advisors LLC lifted its stake in shares of Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after acquiring an additional 926 shares during the last quarter. West Oak Capital LLC increased its holdings in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after purchasing an additional 1,955 shares in the last quarter. TD Private Client Wealth LLC bought a new position in Mattel in the fourth quarter valued at about $51,000. GAMMA Investing LLC boosted its stake in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after purchasing an additional 744 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Mattel by 175.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock worth $83,000 after purchasing an additional 2,972 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. DA Davidson raised their price target on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley raised their target price on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Price Performance

MAT stock opened at $14.69 on Wednesday. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 2.35 and a beta of 0.51. The company’s fifty day simple moving average is $20.03 and its 200 day simple moving average is $19.19. Mattel, Inc. has a 12-month low of $14.57 and a 12-month high of $22.07.

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

About Mattel

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.