Mastercard Incorporated (NYSE:MA) Shares Purchased by MayTech Global Investments LLC

MayTech Global Investments LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,799 shares of the credit services provider’s stock after buying an additional 151 shares during the quarter. Mastercard makes up 5.5% of MayTech Global Investments LLC’s holdings, making the stock its 7th biggest position. MayTech Global Investments LLC’s holdings in Mastercard were worth $27,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Activest Wealth Management boosted its holdings in shares of Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares during the last quarter. Cross Staff Investments Inc lifted its holdings in Mastercard by 16.3% during the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares during the last quarter. Everett Harris & Co. CA lifted its holdings in Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after purchasing an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after purchasing an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its holdings in Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard 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 accessible through this hyperlink. In other news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold a total of 2,439,936 shares of company stock worth $1,102,965,922 over the last 90 days. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MA. Piper Sandler began coverage on Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. Wells Fargo & Company raised their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. TD Cowen began coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Morgan Stanley cut their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, Barclays lowered their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $497.78.

Mastercard Price Performance

Mastercard stock traded down $6.04 during midday trading on Wednesday, reaching $443.00. The company’s stock had a trading volume of 2,734,564 shares, compared to its average volume of 2,407,112. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The business has a 50-day moving average price of $455.40 and a 200-day moving average price of $449.96. The stock has a market cap of $411.82 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the previous year, the business posted $2.80 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts predict that Mastercard Incorporated will post 14.22 EPS for the current year.

About Mastercard

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.