Edmond DE Rothschild Holding S.A. Sells 130,000 Shares of Mattel, Inc. (NASDAQ:MAT)

Edmond DE Rothschild Holding S.A. decreased its holdings in Mattel, Inc. (NASDAQ:MAT) by 14.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 780,000 shares of the company’s stock after selling 130,000 shares during the period. Edmond DE Rothschild Holding S.A. owned approximately 0.23% of Mattel worth $13,829,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MAT. Wellington Management Group LLP bought a new stake in shares of Mattel during the fourth quarter worth $5,622,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Mattel by 34.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company’s stock worth $37,760,000 after purchasing an additional 545,300 shares during the period. Allianz SE bought a new stake in shares of Mattel in the fourth quarter worth $126,000. Pictet Asset Management Holding SA increased its holdings in Mattel by 11.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 49,931 shares of the company’s stock valued at $885,000 after purchasing an additional 4,932 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in Mattel in the fourth quarter valued at $145,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

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

Mattel Stock Performance

Shares of MAT opened at $19.30 on Monday. The stock has a 50-day moving average of $20.22 and a 200-day moving average of $19.31. Mattel, Inc. has a one year low of $15.87 and a one year high of $22.07. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The company has a market cap of $6.23 billion, a PE ratio of 12.06, a P/E/G ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last released its quarterly earnings data 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 in the prior year, the business earned $0.29 earnings per share. On average, equities research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

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.