Is It Right Time to Be Cautious on Banco Bradesco S.A. (BBD), Mattel, Inc. (MAT)?

    The shares of Banco Bradesco S.A. (NYSE:BBD) has been pegged with a rating of Overweight by Morgan Stanley in its latest research note that was published on August 7th, 2019. Morgan Stanley wasn’t the only research firm that published a report of Banco Bradesco S.A., with other equities research analysts also giving their opinion on the stock. Goldman advised investors in its research note published on June 10th, 2019, to Sell the BBD stock. The stock had earned Overweight rating from JP Morgan when it published its report on January 22nd, 2018. The stock was given Buy rating by Goldman in its report released on September 11th, 2017. Citigroup was of a view that BBD is Buy in its latest report on November 30th, 2016. Goldman thinks that BBD is worth Neutral rating. This was contained in the firm’s report on September 21st, 2016.

    The consensus currently stands at a Hold while its average price target is $10.45. The price of the stock the last time has raised by 50.27% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 38.45.

    The shares of the company added by 2.60% during the trading session on Wednesday, reaching a low of $7.78 while ending the day at $7.88. During the trading session, a total of 11.67 million shares were traded which represents a 13.14% incline from the average session volume which is 13.44M shares. BBD had ended its last session trading at 7.68. Banco Bradesco S.A. currently has a market cap of $63.29B while its P/E ratio stands at 11.26. BBD 52-week low price stands at $5.24 while its 52-week high price is $10.54.

    Investment analysts at UBS published a research note on June 19th, 2018 where it informed investors and clients that Mattel, Inc. (NASDAQ:MAT) is now rated as Neutral. Goldman also rated MAT as Initiated on June 10th, 2019, with its price target of $225 suggesting that MAT could surge by 31.84% from its current share price. Even though the stock has been trading at $9.35/share, analysts expect it to surge higher by 4.17% to reach $14.29/share. It started the day trading at $9.91 and traded between $9.47 and $9.74 throughout the trading session.

    A look at its technical shows that MAT’s 50-day SMA is 11.54 while its 200-day SMA stands at 12.28. At the moment, only of Mattel, Inc. shares were sold short. The company’s average trading volume currently stands at 6.89M shares, which means that the short-interest ratio is just 11.00 days. Over the past seven days, the company moved, with its shift of 5.87%. Looking further, the stock has dropped -11.37% over the past 90 days while it lost -33.10% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. PRIMECAP Management Co bought more MAT shares, increasing its portfolio by +1.83% during the last quarter. This move now sees PRIMECAP Management Co purchasing 932,710 shares in the last quarter, thus it now holds 51,773,109 shares of MAT, with a total valuation of $755,887,391. Dodge Cox meanwhile bought more MAT shares in the recently filed quarter, changing its stake to $559,207,988 worth of shares. EdgePoint Investment Group Inc followed the path by increasing its MAT portfolio by +37.77% in the quarter. This means that EdgePoint Investment Group Inc bought 9,962,282 shares in the last quarter and now controls 36,340,435 shares of the MAT stock, with the valuation hitting $530,570,351.

    Similarly, Capital Research Management Co increased its Mattel, Inc. shares by +0.01% during the recently filed quarter. After buying 3,304 shares in the last quarter, the firm now controls 32,129,104 shares of Mattel, Inc. which are valued at $469,084,918. In the same vein, The Vanguard Group Inc decreased its Mattel, Inc. shares by during the most recent reported quarter. The firm sold -5,602,969 shares during the quarter which decreased its stakes to 30,851,113 shares and is now valued at $450,426,250. Following these latest developments, around 0.20% of Mattel, Inc. stocks are owned by institutional investors and hedge funds.