BlackRock Updates Mattel Stake as of Dec 31, 2023
Ticker: MAT · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 63276
| Field | Detail |
|---|---|
| Company | Mattel Inc /De/ (MAT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its Mattel holdings, showing continued institutional interest.**
AI Summary
BlackRock Inc. has filed an Amendment No. 17 to its Schedule 13G, indicating its ownership of Mattel Inc. common stock as of December 31, 2023. This filing, made on January 25, 2024, updates their previously reported stake in the toy company. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Mattel's future performance, potentially influencing other investors.
Why It Matters
This filing shows that BlackRock, a significant institutional investor, continues to hold a position in Mattel, which can be seen as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
A smart investor would note BlackRock's continued presence as a shareholder but recognize this routine amendment doesn't signal a new buying or selling opportunity; instead, they would look for more substantive news or financial reports for investment decisions.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- MATTEL INC /DE/ (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Delaware (company) — place of organization for BlackRock, Inc.
Forward-Looking Statements
- BlackRock will maintain a significant institutional stake in Mattel throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
- Mattel's stock price will experience minor fluctuations due to this routine filing. (MATTEL INC /DE/) — low confidence, target: February 25, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 17, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as clearly identified under 'Names of reporting persons' and 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company whose securities are being reported?
The subject company is MATTEL INC /DE/, as stated under 'Name of Issuer' and 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MATTEL INC /DE/'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding MATTEL INC /DE/ (MAT).