Allspring Global Investments Holdings LLC increased its position in Mattel, Inc. (NASDAQ:MAT – Get Rating) by 37.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,645 shares of the company’s stock after purchasing an additional 7,593 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Mattel were worth $523,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Mirabella Financial Services LLP bought a new stake in shares of Mattel in the 3rd quarter valued at about $409,000. Ion Asset Management Ltd. raised its holdings in Mattel by 2,303.4% in the 3rd quarter. Ion Asset Management Ltd. now owns 1,201,694 shares of the company’s stock valued at $22,760,000 after acquiring an additional 1,151,694 shares during the period. S. R. Schill & Associates raised its holdings in Mattel by 24.8% in the 3rd quarter. S. R. Schill & Associates now owns 19,665 shares of the company’s stock valued at $372,000 after acquiring an additional 3,903 shares during the period. Wipfli Financial Advisors LLC bought a new position in Mattel in the 3rd quarter valued at about $62,000. Finally, Janney Montgomery Scott LLC bought a new position in Mattel in the 3rd quarter valued at about $235,000. 96.93% of the stock is owned by institutional investors.
Mattel Stock Performance
Shares of NASDAQ:MAT opened at $20.08 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.96 and a debt-to-equity ratio of 1.18. The firm has a market cap of $7.12 billion, a PE ratio of 12.02, a PEG ratio of 1.16 and a beta of 1.13. The company’s 50 day moving average price is $18.08 and its two-hundred day moving average price is $20.09. Mattel, Inc. has a 12-month low of $16.21 and a 12-month high of $26.99.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Mattel in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group lowered their price target on shares of Mattel from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Stifel Nicolaus lowered their price target on shares of Mattel from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 3rd. DA Davidson lowered their price target on shares of Mattel from $45.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Finally, Jefferies Financial Group decreased their target price on shares of Mattel to $22.00 and set a “hold” rating on the stock in a research report on Thursday, October 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.25.
Mattel Company Profile
Mattel, Inc is a global children’s entertainment company that specializes in the design and production of toys and consumer products. The company engages consumers through its portfolio of iconic franchises, including Barbie, Hot Wheels, American Girl, Fisher-Price, Thomas & Friends, UNO and MEGA. It operates through the following segments: North America, International and American Girl.
- Get a free copy of the StockNews.com research report on Mattel (MAT)
- Is the Northrop Grumman Selloff an Opportunity?
- Is the Worst Behind for Under Armor Stock with a New CEO?
- Analysts Like The Fit Of Skechers USA
- What Does Microsoft’s Investment in ChatGBT Mean for MSFT Stock?
- Can We Trust The Rally In The S&P 500
Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.