JPMorgan Chase & Co. Has $17.89 Million Stake in Mattel, Inc. (NASDAQ:MAT)

JPMorgan Chase & Co. increased its position in shares of Mattel, Inc. (NASDAQ:MAT) by 25.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,008,772 shares of the company’s stock after buying an additional 206,603 shares during the quarter. JPMorgan Chase & Co.’s holdings in Mattel were worth $17,886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MAT. Franklin Resources Inc. increased its position in Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after acquiring an additional 4,270,162 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Mattel in the fourth quarter worth $53,238,000. Assenagon Asset Management S.A. acquired a new stake in Mattel in the fourth quarter valued at $7,431,000. Vanguard Group Inc. increased its holdings in Mattel by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock valued at $587,469,000 after purchasing an additional 355,769 shares during the period. Finally, State Street Corp lifted its holdings in Mattel by 3.1% during the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after buying an additional 318,125 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

Mattel stock opened at $15.04 on Friday. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a 52-week low of $13.95 and a 52-week high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock’s 50 day moving average price is $19.79 and its two-hundred day moving average price is $19.09.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, equities analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analysts Set New Price Targets

MAT has been the subject of several recent research reports. Morgan Stanley increased their price target on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. DA Davidson raised their price target on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Finally, StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel 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.