1,000,000 Shares in Mattel, Inc. $MAT Bought by Serenity Capital Management PTE. LTD.

Serenity Capital Management PTE. LTD. purchased a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000,000 shares of the company’s stock, valued at approximately $13,880,000,000. Mattel comprises approximately 4.2% of Serenity Capital Management PTE. LTD.’s holdings, making the stock its 8th biggest holding. Serenity Capital Management PTE. LTD. owned about 0.35% of Mattel as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in Mattel by 107.3% in the 1st quarter. Sei Investments Co. now owns 2,159,405 shares of the company’s stock valued at $31,376,000 after buying an additional 1,117,726 shares in the last quarter. K.J. Harrison & Partners Inc boosted its stake in Mattel by 1,323.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 242,000 shares of the company’s stock worth $4,801,000 after purchasing an additional 225,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mattel by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company’s stock worth $160,591,000 after purchasing an additional 783,102 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Mattel by 514.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 644,268 shares of the company’s stock valued at $9,361,000 after buying an additional 539,373 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of Mattel in the first quarter valued at about $1,542,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $14.50 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a 1-year low of $12.73 and a 1-year high of $22.48. The stock has a market capitalization 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 business has a 50-day moving average price of $14.24 and a two-hundred day moving average price of $15.29.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $0.19 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts predict that Mattel, Inc. will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MAT. Weiss Ratings downgraded shares of Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. JPMorgan Chase & Co. dropped their price objective on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Thursday, April 30th. Roth Capital dropped their price objective on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Finally, Odeon Capital Group initiated coverage on Mattel in a report on Thursday, July 16th. They set a “buy” rating on the stock. Two research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.33.

Mattel 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.