On June 19, 2023, the financial world was rocked by the news that Natixis had increased its stake in Mattel, Inc. (NASDAQ:MAT) by a staggering 653.6% during the fourth quarter of the previous year. According to the company’s latest filing with the Securities and Exchange Commission, Natixis now owns over half a million shares in Mattel, which amounts to approximately 0.16% of the toy manufacturer’s total worth.
Despite some initial confusion about this sudden acquisition, experts have since speculated that Natixis’s decision to purchase an additional 477,100 shares in Mattel reflects a growing confidence in the company’s long-term prospects. As one of the world’s leading toy makers, Mattel is known for producing timeless classics like Barbie dolls and Hot Wheels cars that continue to capture children’s imaginations even in an increasingly digital age.
Moreover, Mattel has made strategic moves in recent years to adapt its product offerings for today’s consumers while also diversifying into new markets. For example, it has expanded its range of STEM-inspired toys that promote science and engineering skills among children- a move that has earned praise from educators and parents alike. Additionally, Mattel has begun exploring opportunities in emerging economies such as Asia and Latin America where demand for quality toys is on the rise.
Natixis’s investment is thus seen as a vote of confidence not just in Mattel but also in the broader toy industry. Despite concerns over rising costs and changing consumer preferences that have impacted other industries such as retail, it seems that businesses like Mattel are poised for growth thanks to their focus on innovation and engagement with customers.
Of course, it remains to be seen whether investments like Natixis’s will pay off in the long term. But one thing is clear -Mattel and other companies who can tap into children’s innate desire for fun and creativity are well-positioned to weather the ups and downs of the global economy. As parents continue to seek out high-quality toys that inspire their children to learn, grow, and dream big, companies like Mattel will undoubtedly be at the forefront of this ongoing revolution in playtime.
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Institutional Investors and Hedge Funds Increase Stakes in Mattel Inc.
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”MAT” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]June 19, 2023 – Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock of Mattel Inc., a leading American multinational toy manufacturing company headquartered in El Segundo, California. Kinneret Advisory LLC boosted its stake in Mattel by 2.3% during the first quarter, bringing their total shares to 23,608, worth $524,000 after purchasing an additional 528 shares during the period.
Raymond James & Associates also lifted its position in Mattel by 5.3% during the same quarter with a total of 12,092 shares of the company’s stock worth $269,000 after buying an additional 604 shares. Meanwhile, Dynamic Technology Lab Private Ltd increased their position in Mattel by 5.8%, now owning a total of 14,418 shares valued at $320,000 after buying an additional 788 shares.
Last but not least, Louisiana State Employees Retirement System increased their position in Mattel by 1.0% during the fourth quarter and currently owns a total of 94,900 shares valued at $1,693,000 after buying an additional 900 shares; Thrivent Financial for Lutherans lifted its position by another percent to own a total of 95,042 shares valued at $1,696 million.
Notably is that institutional investors and hedge funds now hold ownership of almost all MAT stocks with a whopping percentage amounting to around ninety-seven percent (96.93%). This pattern confirms the market’s confidence level on this American toy-maker giant from among other companies within this segment.
Despite various fiscal difficulties last year due to supply chain disruptions from China brought about by Covid-19 pandemic lockdown measures imposed worldwide; among others –the positive outlook given by some reputable equities research analyst is noteworthy.
TheStreet reports that they cut down Mattel from “b-” rating to “c+” rating in a research report on March 1st, while StockNews.com raised it from “sell” to “hold.” DA Davidson regarded it as a “buy” rating and issued a $23.00 target price on shares of Mattel last April 3rd.
According to data from Bloomberg, with three equities research analysts giving a hold rating and eight with buy rating currently existing for the Mattel stock, it has a consensus rating of “Moderate Buy” and an average price target of $24.33. Despite fluctuations within the market, this globally recognized children’s toy brand remains as popular as ever, continuing to captivate young imaginations worldwide through its innovative and exciting products.
