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Virtu Financial LLC Takes Position in Mattel, Inc. (NASDAQ:MAT)

Mattel logo with Consumer Discretionary background

Virtu Financial LLC acquired a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,568 shares of the company's stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its position in shares of Mattel by 3.9% in the 4th quarter. LPL Financial LLC now owns 24,986 shares of the company's stock valued at $443,000 after buying an additional 935 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Mattel by 69.1% in the 4th quarter. Wells Fargo & Company MN now owns 192,769 shares of the company's stock valued at $3,418,000 after buying an additional 78,805 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Mattel by 56.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 61,403 shares of the company's stock valued at $1,089,000 after buying an additional 22,093 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Mattel by 20.0% in the 4th quarter. Russell Investments Group Ltd. now owns 10,458 shares of the company's stock valued at $185,000 after buying an additional 1,740 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of Mattel in the 4th quarter valued at $245,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MAT shares. JPMorgan Chase & Co. increased their target price on shares of Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen cut shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley increased their price target on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup increased their price target on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, Roth Capital set a $22.00 price target on shares of Mattel and gave the stock a "neutral" rating in a research note on Friday, July 11th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.38.

Read Our Latest Stock Analysis on MAT

Mattel Stock Up 0.1%

MAT stock opened at $18.28 on Friday. Mattel, Inc. has a one year low of $13.94 and a one year high of $22.07. The stock has a market capitalization of $5.89 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.12 and a current ratio of 1.62. The company has a fifty day moving average of $18.88 and a 200-day moving average of $18.80.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter last year, the business earned $0.19 EPS. The business's revenue was down 5.7% on a year-over-year basis. As a group, analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Mattel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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