State of Alaska Department of Revenue Sells 225 Shares of Hasbro, Inc. (NASDAQ:HAS)

State of Alaska Department of Revenue decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,954 shares of the company’s stock after selling 225 shares during the period. State of Alaska Department of Revenue’s holdings in Hasbro were worth $836,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HAS. Blue Trust Inc. raised its stake in shares of Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after acquiring an additional 299 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Hasbro during the third quarter valued at approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of Hasbro during the third quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Hasbro during the third quarter valued at approximately $45,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Hasbro during the third quarter valued at approximately $49,000. Institutional investors own 91.83% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.82% of the company’s stock.

Hasbro Price Performance

Shares of HAS opened at $60.25 on Friday. The firm has a market capitalization of $8.40 billion, a PE ratio of -12.98, a price-to-earnings-growth ratio of 0.51 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro, Inc. has a 1-year low of $48.63 and a 1-year high of $73.46. The company’s fifty day moving average price is $58.68 and its 200-day moving average price is $64.26.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus reduced their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.11.

About Hasbro

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.