ING Groep NV increased its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,287 shares of the company’s stock after buying an additional 4,531 shares during the period. ING Groep NV’s holdings in Mattel were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in MAT. Regal Investment Advisors LLC boosted its holdings in Mattel by 20.5% during the 3rd quarter. Regal Investment Advisors LLC now owns 113,649 shares of the company’s stock valued at $1,784,000 after acquiring an additional 19,330 shares during the period. American Century Companies Inc. boosted its stake in shares of Mattel by 11.5% in the 3rd quarter. American Century Companies Inc. now owns 1,224,213 shares of the company’s stock valued at $19,220,000 after buying an additional 126,066 shares during the period. Moody National Bank Trust Division boosted its stake in shares of Mattel by 529.2% in the 3rd quarter. Moody National Bank Trust Division now owns 91,682 shares of the company’s stock valued at $1,439,000 after buying an additional 77,110 shares during the period. Ardevora Asset Management LLP boosted its stake in shares of Mattel by 10.3% in the 3rd quarter. Ardevora Asset Management LLP now owns 2,205,336 shares of the company’s stock valued at $34,624,000 after buying an additional 205,800 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Mattel by 35.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 56,722 shares of the company’s stock valued at $891,000 after buying an additional 14,800 shares during the period.

Several equities analysts have recently issued reports on the company. Barclays decreased their price objective on Mattel from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, November 14th. Zacks Investment Research reiterated a “hold” rating on shares of Mattel in a research note on Tuesday, November 13th. UBS Group set a $15.00 price objective on Mattel and gave the company a “hold” rating in a research note on Thursday, November 1st. Citigroup decreased their price objective on Mattel from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Finally, Jefferies Financial Group set a $13.00 target price on Mattel and gave the stock a “hold” rating in a research note on Sunday, October 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.56.

MAT stock opened at $13.25 on Tuesday. The company has a market cap of $4.74 billion, a P/E ratio of -12.30 and a beta of 1.10. Mattel, Inc. has a fifty-two week low of $12.21 and a fifty-two week high of $19.21. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.70 and a quick ratio of 1.21.

Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 25th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%. As a group, sell-side analysts anticipate that Mattel, Inc. will post -1.02 earnings per share for the current fiscal year.

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About Mattel

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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