YANKCOM Partnership Makes New $475,000 Investment in Hasbro, Inc. (NASDAQ:HAS)

YANKCOM Partnership acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 8,494 shares of the company’s stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HAS. Pacer Advisors Inc. grew its stake in shares of Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after purchasing an additional 2,779,877 shares during the period. Mizuho Securities USA LLC grew its position in Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after buying an additional 989,906 shares during the period. Smith Group Asset Management LLC acquired a new position in shares of Hasbro in the third quarter worth about $32,032,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Hasbro by 207.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock worth $30,629,000 after acquiring an additional 369,744 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Hasbro by 882.9% during the 4th quarter. Jennison Associates LLC now owns 400,818 shares of the company’s stock valued at $22,410,000 after acquiring an additional 360,039 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Activity

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

Shares of Hasbro stock opened at $58.90 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46. The company has a 50 day moving average of $59.34 and a 200 day moving average of $64.34.

Analyst Ratings Changes

Several brokerages have recently weighed in on HAS. JPMorgan Chase & Co. upped their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Bank of America increased their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley upped their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, DA Davidson raised their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.11.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.