Sei Investments Co. Has $797,000 Holdings in Mattel, Inc. (NASDAQ:MAT)

Sei Investments Co. reduced its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 76.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,934 shares of the company's stock after selling 149,703 shares during the quarter. Sei Investments Co.'s holdings in Mattel were worth $797,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its holdings in shares of Mattel by 3.2% during the 3rd quarter. Quantinno Capital Management LP now owns 108,543 shares of the company's stock valued at $2,068,000 after buying an additional 3,373 shares during the last quarter. State Street Corp raised its position in Mattel by 3.1% during the third quarter. State Street Corp now owns 10,517,270 shares of the company's stock valued at $200,354,000 after acquiring an additional 318,125 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Mattel in the third quarter valued at approximately $224,000. M&T Bank Corp grew its position in Mattel by 17.7% in the third quarter. M&T Bank Corp now owns 12,078 shares of the company's stock worth $230,000 after acquiring an additional 1,815 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Mattel by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company's stock worth $116,896,000 after purchasing an additional 17,309 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MAT. StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Morgan Stanley raised their price target on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, DA Davidson raised their target price on Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Mattel presently has a consensus rating of "Moderate Buy" and an average target price of $25.57.

Mattel Price Performance

NASDAQ MAT traded up $0.27 on Friday, reaching $15.04. The company's stock had a trading volume of 6,031,858 shares, compared to its average volume of 3,533,867. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The firm has a market cap of $4.86 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. The business has a 50-day moving average price of $19.79 and a 200 day moving average price of $19.09.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period last year, the company posted $0.29 EPS. Sell-side analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

About Mattel

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.