Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 90.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,941 shares of the company’s stock after buying an additional 10,423 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Hasbro were worth $1,227,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HAS. Pacer Advisors Inc. raised its stake in Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after purchasing an additional 2,779,877 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after buying an additional 8,270 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after buying an additional 989,906 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Hasbro by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after buying an additional 97,039 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Hasbro by 9.5% during the third quarter. Point72 Asset Management L.P. now owns 774,804 shares of the company’s stock valued at $56,034,000 after buying an additional 66,995 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, DA Davidson upped their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.11.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.82% of the company’s stock.

Hasbro Trading Down 0.6 %

NASDAQ HAS opened at $59.72 on Thursday. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of -12.87, a PEG ratio of 0.51 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a one year low of $46.09 and a one year high of $73.46. The company’s 50 day moving average price is $58.83 and its 200 day moving average price is $64.29.

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.