Mattel, Inc. (NASDAQ:MAT) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “sell” rating in a research report issued on Thursday, Analyst Ratings Net reports. They presently have a $31.54 target price on the stock. Vetr‘s price objective points to a potential downside of 3.78% from the stock’s previous close.
Several large investors recently bought and sold shares of the stock. Boston Advisors bought a new stake in Mattel during the fourth quarter valued at about $280,000. Advisory Services Network LLC raised its stake in Mattel by 361.4% in the fourth quarter. Advisory Services Network LLC now owns 17,140 shares of the company’s stock valued at $466,000 after buying an additional 13,425 shares during the last quarter. Crestpoint Capital Management raised its stake in Mattel by 17.8% in the fourth quarter. Crestpoint Capital Management now owns 18,500 shares of the company’s stock valued at $503,000 after buying an additional 2,800 shares during the last quarter. DT Investment Partners LLC raised its stake in Mattel by 7.5% in the fourth quarter. DT Investment Partners LLC now owns 24,109 shares of the company’s stock valued at $655,000 after buying an additional 1,680 shares during the last quarter. Finally, Capstone Asset Management Company raised its stake in Mattel by 1.5% in the fourth quarter. Capstone Asset Management Company now owns 25,363 shares of the company’s stock valued at $689,000 after buying an additional 383 shares during the last quarter.
Source: American Banking and Market News