Point72 Hong Kong Ltd Has $100,000 Stock Position in Mattel, Inc. (NASDAQ:MAT)

Point72 Hong Kong Ltd decreased its position in Mattel, Inc. (NASDAQ:MAT) by 78.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,622 shares of the company’s stock after selling 20,978 shares during the period. Point72 Hong Kong Ltd’s holdings in Mattel were worth $100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 926 shares during the period. TD Private Client Wealth LLC acquired a new position in shares of Mattel in the 4th quarter valued at $51,000. Quarry LP grew its holdings in shares of Mattel by 130.3% in the 4th quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after buying an additional 1,781 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock valued at $83,000 after buying an additional 2,972 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Mattel by 2,698.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,079 shares of the company’s stock valued at $125,000 after acquiring an additional 6,826 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Trading Down 0.1%

Shares of NASDAQ:MAT opened at $20.10 on Friday. The company’s 50-day moving average price is $17.41 and its two-hundred day moving average price is $18.67. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. Mattel, Inc. has a one year low of $13.95 and a one year high of $22.07. The stock has a market capitalization of $6.49 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The firm had revenue of $826.60 million for the quarter, compared to analysts’ expectations of $791.49 million. During the same period in the previous year, the firm posted ($0.05) EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MAT has been the topic of several research reports. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Mattel in a research report on Thursday. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. The Goldman Sachs Group cut their price objective on shares of Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, Citigroup boosted their price objective on shares of Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.14.

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.