Mirae Asset Global Investments Co. Ltd. Buys 4,749 Shares of Hasbro, Inc. (NASDAQ:HAS)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 50.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,228 shares of the company’s stock after purchasing an additional 4,749 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Hasbro were worth $807,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Blue Trust Inc. lifted its position in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the period. True Wealth Design LLC acquired a new position in shares of Hasbro in the 3rd quarter valued at $31,000. Itau Unibanco Holding S.A. bought a new position in shares of Hasbro during the 3rd quarter worth about $40,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hasbro during the 3rd quarter valued at about $45,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Hasbro during the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of Hasbro stock opened at $60.09 on Wednesday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $58.93 and a 200 day simple moving average of $64.32. Hasbro, Inc. has a fifty-two week low of $46.09 and a fifty-two week high of $73.46. The firm has a market cap of $8.38 billion, a P/E ratio of -12.95, a P/E/G ratio of 0.51 and a beta of 0.64.

Insider Buying and Selling at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the business’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 completion of the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HAS. DA Davidson increased their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Bank of America boosted their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus dropped their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Hasbro 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.