Allianz SE Acquires Shares of 7,100 Mattel, Inc. (NASDAQ:MAT)

Allianz SE bought a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,100 shares of the company’s stock, valued at approximately $126,000.

A number of other institutional investors have also made changes to their positions in the business. CIBC Asset Management Inc raised its holdings in Mattel by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock valued at $194,000 after acquiring an additional 601 shares during the period. Clear Harbor Asset Management LLC increased its stake in shares of Mattel by 5.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock worth $229,000 after purchasing an additional 675 shares during the period. Xponance Inc. lifted its holdings in Mattel by 1.6% during the 4th quarter. Xponance Inc. now owns 46,262 shares of the company’s stock worth $820,000 after purchasing an additional 739 shares during the last quarter. GAMMA Investing LLC boosted its stake in Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after purchasing an additional 744 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in 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 in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

NASDAQ MAT opened at $19.43 on Tuesday. The firm’s 50 day simple moving average is $20.25 and its 200 day simple moving average is $19.31. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 2.35 and a beta of 0.65. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.07.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm posted $0.29 EPS. As a group, research analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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