Hasbro, Inc. (NASDAQ:HAS) Stake Reduced by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC cut its stake in Hasbro, Inc. (NASDAQ:HAS) by 86.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,442 shares of the company’s stock after selling 15,331 shares during the period. Strengthening Families & Communities LLC’s holdings in Hasbro were worth $137,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HAS. Pacer Advisors Inc. increased its position 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 acquiring an additional 2,779,877 shares during the period. Mizuho Securities USA LLC grew its stake 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 worth $72,320,000 after purchasing an additional 989,906 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in shares of Hasbro during the third quarter valued at $32,032,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Hasbro by 207.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock valued at $30,629,000 after purchasing an additional 369,744 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Hasbro by 882.9% in the fourth quarter. Jennison Associates LLC now owns 400,818 shares of the company’s stock worth $22,410,000 after purchasing an additional 360,039 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Hasbro

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

Hasbro Trading Up 0.6 %

NASDAQ:HAS opened at $59.41 on Tuesday. The stock has a fifty day simple moving average of $59.04 and a 200 day simple moving average of $64.34. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64.

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.