abrdn plc Acquires 7,488 Shares of Hasbro, Inc. (NASDAQ:HAS)

abrdn plc grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 64.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,185 shares of the company’s stock after buying an additional 7,488 shares during the quarter. abrdn plc’s holdings in Hasbro were worth $1,075,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. True Wealth Design LLC purchased a new position in shares of Hasbro in the third quarter worth $31,000. Blue Trust Inc. grew its holdings in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Hasbro in the 3rd quarter worth approximately $40,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Hasbro in the 3rd quarter valued at approximately $45,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Hasbro during the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

HAS has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Morgan Stanley lifted their price target on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. DA Davidson upped their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Bank of America boosted their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $59.41 on Tuesday. The business has a 50-day simple moving average of $59.04 and a two-hundred day simple moving average of $64.34. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of -12.80, a price-to-earnings-growth ratio of 0.51 and a beta of 0.64. Hasbro, Inc. has a fifty-two week low of $46.09 and a fifty-two week high of $73.46.

Insider Activity

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.82% of the stock is owned by corporate insiders.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.