JAKKS Pacific (NASDAQ:JAKK) Stock Rating Lowered by Wall Street Zen

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

JAKKS Pacific Stock Up 0.4%

Shares of NASDAQ JAKK opened at $19.08 on Friday. The firm's 50-day moving average price is $20.54 and its two-hundred day moving average price is $23.56. The stock has a market capitalization of $212.74 million, a P/E ratio of 5.63 and a beta of 1.06. JAKKS Pacific has a 52-week low of $17.27 and a 52-week high of $35.79.

Insider Buying and Selling at JAKKS Pacific

In other news, CEO Stephen G. Berman sold 35,000 shares of JAKKS Pacific stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $22.20, for a total transaction of $777,000.00. Following the sale, the chief executive officer owned 190,539 shares of the company's stock, valued at approximately $4,229,965.80. The trade was a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.90% of the company's stock.

Institutional Investors Weigh In On JAKKS Pacific

A number of hedge funds have recently made changes to their positions in the business. AlphaQuest LLC bought a new stake in JAKKS Pacific during the first quarter worth approximately $32,000. CWM LLC raised its holdings in JAKKS Pacific by 464.0% during the first quarter. CWM LLC now owns 3,057 shares of the company's stock worth $75,000 after purchasing an additional 2,515 shares in the last quarter. US Bancorp DE acquired a new position in JAKKS Pacific in the first quarter worth approximately $78,000. Heck Capital Advisors LLC acquired a new position in JAKKS Pacific in the fourth quarter worth approximately $89,000. Finally, State of Wyoming acquired a new position in JAKKS Pacific in the fourth quarter worth approximately $113,000. Institutional investors own 44.38% of the company's stock.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.

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