Serenity Capital Management PTE. LTD. Invests $13.88 Billion in Mattel, Inc. $MAT

Serenity Capital Management PTE. LTD. acquired a new stake in Mattel, Inc. (NASDAQ:MAT) in the second quarter, Holdings Channel reports. The institutional investor acquired 1,000,000 shares of the company’s stock, valued at approximately $13,880,000,000. Mattel accounts for about 4.2% of Serenity Capital Management PTE. LTD.’s portfolio, making the stock its 8th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its holdings in Mattel by 2,959.6% during the first quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock worth $25,000 after buying an additional 1,687 shares during the last quarter. Quarry LP acquired a new position in shares of Mattel during the 3rd quarter worth about $28,000. Los Angeles Capital Management LLC bought a new stake in shares of Mattel in the 4th quarter valued at about $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of Mattel in the 4th quarter valued at about $36,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Mattel in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Roth Capital lowered their target price on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. cut their target price on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Wall Street Zen cut shares of Mattel from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings lowered shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.33.

Mattel Trading Down 0.5%

NASDAQ MAT opened at $14.50 on Wednesday. The firm has a market cap of $4.14 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.45 and a beta of 0.72. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. The stock’s 50-day moving average is $14.24 and its 200-day moving average is $15.29. Mattel, Inc. has a one year low of $12.73 and a one year high of $22.48.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 net margin of 7.79% and a return on equity of 16.20%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.32 earnings per share for the current fiscal 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.