Lotus Technology Management LP Makes New $623,000 Investment in Mattel, Inc. $MAT

Lotus Technology Management LP bought a new position in Mattel, Inc. (NASDAQ:MAT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,894 shares of the company’s stock, valued at approximately $623,000.

A number of other hedge funds also recently made changes to their positions in the stock. Jupiter Topco LLC acquired a new position in Mattel during the 2nd quarter worth approximately $1,660,000. III Capital Management acquired a new stake in Mattel in the second quarter valued at approximately $1,834,000. Hsbc Holdings PLC bought a new stake in shares of Mattel during the second quarter worth $365,000. Primecap Management Co. CA bought a new stake in shares of Mattel during the second quarter worth $409,540,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Mattel during the second quarter worth $3,526,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen cut Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings cut Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Odeon Capital Group began coverage on Mattel in a research report on Thursday, July 16th. They issued a “buy” rating for the company. Roth Capital dropped their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company cut their price target on Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mattel currently has an average rating of “Hold” and an average price target of $17.80.

Mattel Stock Up 3.0%

Shares of NASDAQ:MAT opened at $15.26 on Wednesday. The firm has a market cap of $4.36 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.43 and a beta of 0.72. The company has a quick ratio of 1.26, a current ratio of 1.90 and a debt-to-equity ratio of 1.17. Mattel, Inc. has a 12-month low of $12.73 and a 12-month high of $22.48. The business has a fifty day simple moving average of $14.27 and a 200 day simple moving average of $15.07.

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