Mattel, Inc. $MAT Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 9.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 296,565 shares of the company’s stock after selling 32,689 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Mattel worth $5,848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MAT. Parallel Advisors LLC increased its position in Mattel by 189.9% during the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after purchasing an additional 1,054 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Mattel by 90.6% in the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after buying an additional 1,053 shares during the period. True Wealth Design LLC increased its holdings in shares of Mattel by 409.1% during the 2nd quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock worth $56,000 after buying an additional 2,287 shares during the last quarter. Allworth Financial LP raised its position in shares of Mattel by 469.5% during the 2nd quarter. Allworth Financial LP now owns 2,853 shares of the company’s stock valued at $56,000 after buying an additional 2,352 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Mattel during the 1st quarter valued at approximately $59,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

Mattel stock opened at $19.83 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $18.18 and a 200-day simple moving average of $18.55. The stock has a market cap of $6.16 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.76. Mattel, Inc. has a 12-month low of $13.94 and a 12-month high of $22.07.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 8.27% and a return on equity of 20.60%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Equities analysts expect that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Cfra Research cut shares of Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Seaport Res Ptn upgraded shares of Mattel to a “hold” rating in a research note on Monday, November 10th. Roth Capital set a $20.00 target price on shares of Mattel and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, DA Davidson cut their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.57.

Mattel Company Profile

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.