Jennison Associates LLC Acquires 360,039 Shares of Hasbro, Inc. (NASDAQ:HAS)

Jennison Associates LLC grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 882.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 400,818 shares of the company’s stock after acquiring an additional 360,039 shares during the quarter. Jennison Associates LLC’s holdings in Hasbro were worth $22,410,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in shares of Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after purchasing an additional 2,779,877 shares during the period. Mizuho Securities USA LLC lifted its position in 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 buying an additional 989,906 shares during the last quarter. Smith Group Asset Management LLC purchased a new position in Hasbro during the third quarter worth $32,032,000. Robeco Institutional Asset Management B.V. increased its position in 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 acquiring an additional 369,744 shares during the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Hasbro in the third quarter valued at $18,163,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

HAS opened at $58.90 on Thursday. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of -12.69, a PEG ratio of 0.50 and a beta of 0.64. 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, Inc. has a 12-month low of $46.09 and a 12-month high of $73.46. The business’s fifty day simple moving average is $59.34 and its 200-day simple moving average is $64.34.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.82% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Hasbro 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.