Twin Tree Management LP lessened its stake in shares of Mastercard (NYSE:MA) by 43.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,158 shares of the credit services provider’s stock after selling 894 shares during the quarter. Twin Tree Management LP’s holdings in Mastercard were worth $203,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of MA. Temasek Holdings Private Ltd lifted its stake in shares of Mastercard by 245.7% in the third quarter. Temasek Holdings Private Ltd now owns 923,068 shares of the credit services provider’s stock worth $130,337,000 after acquiring an additional 656,062 shares in the last quarter. Wealthfront Inc. lifted its stake in shares of Mastercard by 7.5% in the fourth quarter. Wealthfront Inc. now owns 37,996 shares of the credit services provider’s stock worth $5,751,000 after acquiring an additional 2,642 shares in the last quarter. Brightworth lifted its stake in shares of Mastercard by 9.3% in the fourth quarter. Brightworth now owns 5,311 shares of the credit services provider’s stock worth $804,000 after acquiring an additional 452 shares in the last quarter. Bedel Financial Consulting Inc. acquired a new position in shares of Mastercard in the fourth quarter worth about $244,000. Finally, LA Financiere DE L Echiquier lifted its stake in shares of Mastercard by 23.9% in the fourth quarter. LA Financiere DE L Echiquier now owns 70,128 shares of the credit services provider’s stock worth $10,615,000 after acquiring an additional 13,513 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.
In related news, Director David R. Carlucci sold 5,950 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $183.10, for a total value of $1,089,445.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ajay Banga sold 239,020 shares of the stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $185.97, for a total value of $44,450,549.40. Following the completion of the transaction, the chief executive officer now directly owns 355,411 shares of the company’s stock, valued at $66,095,783.67. The disclosure for this sale can be found here. Insiders have sold 306,209 shares of company stock valued at $56,620,393 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.
Several analysts have issued reports on the company. UBS assumed coverage on Mastercard in a research note on Thursday, May 17th. They set a “neutral” rating and a $205.00 price objective on the stock. Zacks Investment Research cut Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Friday. Bank of America upped their price objective on Mastercard from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, May 4th. KeyCorp upped their price objective on Mastercard from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 4th. Finally, Loop Capital upped their price objective on Mastercard to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $185.95.
Mastercard opened at $191.17 on Friday, Marketbeat Ratings reports. The company has a market cap of $200.35 billion, a PE ratio of 41.74, a P/E/G ratio of 1.60 and a beta of 1.17. Mastercard has a 52 week low of $119.89 and a 52 week high of $194.72. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.64 and a quick ratio of 1.64.
Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.26 billion. Mastercard had a return on equity of 91.56% and a net margin of 32.42%. The business’s revenue was up 30.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. equities research analysts anticipate that Mastercard will post 6.3 EPS for the current year.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.