Corient Private Wealth LP Sells 512,005 Shares of Mattel, Inc. $MAT

Key Points

• Corient Private Wealth sharply reduced its Mattel stake by selling 512,005 shares, a 95.2% decrease, leaving it with 26,079 shares valued at approximately $362,000.
• Mattel reported quarterly revenue of $1.13 billion, up 10.5% year over year and above estimates, but earnings of $0.01 per share missed the $0.04 consensus forecast.
• Mattel shares opened at $15.27, while analysts maintained a consensus “Hold” rating with an average price target of $17.80; institutional investors and hedge funds own 97.15% of the stock.

Corient Private Wealth LP cut its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 95.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,079 shares of the company's stock after selling 512,005 shares during the period. Corient Private Wealth LP's holdings in Mattel were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MAT. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Mattel during the 2nd quarter worth approximately $271,000. AlphaGrep UK Ltd bought a new stake in shares of Mattel during the second quarter worth $436,000. TD Waterhouse Canada Inc. raised its holdings in shares of Mattel by 10.5% during the second quarter. TD Waterhouse Canada Inc. now owns 39,837 shares of the company's stock worth $548,000 after acquiring an additional 3,780 shares during the period. Nykredit A S bought a new stake in Mattel in the 2nd quarter valued at $105,000. Finally, Alyeska Investment Group L.P. lifted its position in Mattel by 30.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 6,008,450 shares of the company's stock valued at $83,397,000 after acquiring an additional 1,399,771 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of MAT opened at $15.27 on Friday. The company has a market cap of $4.36 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.65 and a beta of 0.70. The firm has a 50-day moving average of $14.35 and a 200-day moving average of $14.44. Mattel, Inc. has a one year low of $12.40 and a one year high of $22.48. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%.The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities analysts forecast that Mattel, Inc. will post 1.31 earnings per share for the current year.

More Mattel News

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Takeover interest is the primary catalyst. Reports say Authentic Brands Group has expressed interest in acquiring Mattel, prompting a significant revaluation of the stock and temporarily triggering volatility-related trading halts. Mattel attracts takeover interest from Authentic Brands Group
• Positive Sentiment: Investors are positioning for further upside. Unusually heavy call-option activity—7,239 contracts purchased versus typical volume of roughly 2,953—indicates heightened speculative interest following the buyout reports. Retail traders are reportedly looking for prices above $20. MAT Stock Eyes Best Week on Mattel Buyout Buzz
• Positive Sentiment: Mattel is expanding its entertainment and experience businesses. The company unveiled plans for a Mattel-themed indoor waterpark in Bellevue, scheduled to open in 2027, featuring Barbie and Hot Wheels attractions. The initiative could provide licensing and consumer-engagement opportunities, though financial benefits are longer term. Mattel Unveils Indoor Waterpark in Bellevue

Insider Buying and Selling at Mattel

In related news, EVP Roberto Isaias sold 39,083 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $15.02, for a total transaction of $587,026.66. Following the transaction, the executive vice president directly owned 144,390 shares of the company's stock, valued at approximately $2,168,737.80. The trade was a 21.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MAT shares. Roth Capital lowered their target price on Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, July 14th. Odeon Capital Group assumed coverage on Mattel in a report on Thursday, July 16th. They set a "buy" rating for the company. Argus reissued a "buy" rating and issued a $22.00 target price on shares of Mattel in a research report on Tuesday, August 25th. Citigroup reduced their price target on Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, July 10th. Finally, The Goldman Sachs Group cut shares of Mattel from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $15.00 to $12.00 in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Mattel currently has a consensus rating of "Hold" and a consensus price target of $17.80.

About Mattel

Mattel, Inc NASDAQ: MAT is a global toy and entertainment company that designs, manufactures and markets a broad portfolio of toys, games and related consumer products. Its brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, Matchbox, UNO, MEGA, Masters of the Universe and Magic 8 Ball.

The company develops products across categories such as dolls, vehicles, preschool toys, building sets, games and outdoor play. Mattel also extends its brands through entertainment content, digital gaming, consumer products, live experiences and licensing partnerships.

Founded in 1945, Mattel serves consumers in markets around the world through retail, e-commerce and other distribution channels.

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