Analyst IMS Investment Management Services Ltd. Has $5.20 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Analyst IMS Investment Management Services Ltd. decreased its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,184 shares of the credit services provider’s stock after selling 95 shares during the quarter. Mastercard makes up about 0.3% of Analyst IMS Investment Management Services Ltd.’s holdings, making the stock its 26th biggest position. Analyst IMS Investment Management Services Ltd.’s holdings in Mastercard were worth $5,197,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MA. Norges Bank acquired a new position in Mastercard during the fourth quarter valued at approximately $4,595,559,000. International Assets Investment Management LLC boosted its holdings in shares of Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after buying an additional 2,929,940 shares during the period. Lone Pine Capital LLC grew its stake in Mastercard by 48.4% in the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after buying an additional 569,534 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Mastercard by 30.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock worth $728,113,000 after acquiring an additional 428,627 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Mastercard during the 3rd quarter worth $158,528,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA traded down $0.03 during midday trading on Friday, reaching $451.18. The company’s stock had a trading volume of 2,162,182 shares, compared to its average volume of 2,475,665. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The business’s fifty day simple moving average is $464.37 and its 200-day simple moving average is $445.79. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $419.42 billion, a P/E ratio of 35.86, a P/E/G ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the firm posted $2.80 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Incorporated will post 14.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders sold 1,785,580 shares of company stock worth $812,239,407 in the last quarter. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Susquehanna reiterated a “positive” rating and set a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. KeyCorp raised their price objective on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Robert W. Baird upped their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, Morgan Stanley decreased their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

Read Our Latest Research Report on MA

Mastercard Company Profile

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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