Recent insider trends for Mattel, Inc. (NASDAQ:MAT) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of MAT, the data has a lot to say about how the stock might perform going forward.
Institutions own 102.81% of Mattel, Inc. (MAT)’s shares. The total value of these holdings, in millions, is $6,103. Among active positions in the latest quarter, 187 holders increased their positions by a total of 75 million shares, 253 holders decreased the positions by a total of 68.91 million shares, and 67 holders held their positions. This works out to a net increase in ownership of 6.09 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 54 holders initiated new positions by a total of 16.45 million shares and 85 holders exited their positions by a total of 17.44 million shares. This nets out to a decrease of 988207 shares and is another bearish sign for MAT.
In the last three months, insiders executed a total of 5 trades. 5 were sells. Insider ownership decreased by a total of 69971 shares, which suggests that MAT’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 4 buys and 30 sells, and ownership decreased by a net of 240811 shares.
Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Mattel, Inc. (NASDAQ:MAT)’s short interest is 60.49 million shares, or 17.66% of the float. This represents an increase of 10% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that MAT is a Strong buy, which implies that MAT is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Mattel, Inc. (NASDAQ:MAT) is undervalued.