Serenity Capital Management PTE. LTD. Buys Shares of 1,000,000 Mattel, Inc. $MAT

Serenity Capital Management PTE. LTD. acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000,000 shares of the company's stock, valued at approximately $13,880,000. Mattel accounts for 0.0% of Serenity Capital Management PTE. LTD.'s investment portfolio, making the stock its 8th largest holding. Serenity Capital Management PTE. LTD. owned 0.35% of Mattel as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of MAT. BlackRock Inc. purchased a new position in shares of Mattel in the second quarter valued at approximately $363,273,000. EdgePoint Investment Group Inc. increased its holdings in shares of Mattel by 6.0% in the fourth quarter. EdgePoint Investment Group Inc. now owns 47,341,242 shares of the company's stock valued at $939,250,000 after purchasing an additional 2,678,482 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Mattel by 274.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company's stock valued at $68,356,000 after purchasing an additional 2,524,123 shares in the last quarter. Norges Bank acquired a new stake in Mattel during the fourth quarter worth approximately $49,182,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Mattel in the 2nd quarter valued at approximately $23,393,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MAT. Wall Street Zen cut shares of Mattel from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Citigroup lowered their price objective on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, July 10th. Argus reiterated a "buy" rating and set a $22.00 price target on shares of Mattel in a report on Tuesday. Odeon Capital Group began coverage on shares of Mattel in a research report on Thursday, July 16th. They set a "buy" rating on the stock. Finally, Roth Capital dropped their price target on Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.80.

Mattel Stock Performance

Shares of NASDAQ MAT traded up $0.27 during mid-day trading on Friday, hitting $15.19. The company had a trading volume of 678,691 shares, compared to its average volume of 4,741,759. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a 1 year low of $12.73 and a 1 year high of $22.48. The stock's 50-day moving average price is $14.32 and its 200-day moving average price is $14.98. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 1.47 and a beta of 0.72.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%.The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the previous year, the business posted $0.19 EPS. The business's quarterly revenue was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, sell-side analysts forecast that Mattel, Inc. will post 1.32 earnings per share for the current year.

Mattel Company Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.