Mastercard Incorporated (NYSE:MA) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC cut its stake in Mastercard Incorporated (NYSE:MA) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,727 shares of the credit services provider’s stock after selling 2,667 shares during the period. Mastercard accounts for approximately 0.5% of Advisory Services Network LLC’s investment portfolio, making the stock its 27th largest holding. Advisory Services Network LLC’s holdings in Mastercard were worth $19,503,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MA. Altshuler Shaham Ltd acquired a new position in shares of Mastercard during the fourth quarter valued at $26,000. LFA Lugano Financial Advisors SA bought a new position in Mastercard during the fourth quarter valued at about $27,000. Criterion Capital Advisors LLC bought a new position in Mastercard during the fourth quarter valued at about $33,000. Barometer Capital Management Inc. bought a new position in Mastercard during the third quarter valued at about $36,000. Finally, Thomas J. Herzfeld Advisors Inc. boosted its stake in Mastercard by 661.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after buying an additional 86 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MA. Raymond James increased their price target on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Evercore ISI increased their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Susquehanna reiterated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. KeyCorp raised their price objective on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley decreased their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $497.78.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the sale, the insider now owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. 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 the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold 1,785,580 shares of company stock worth $812,239,407 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.0 %

Shares of MA stock traded down $0.03 on Friday, hitting $451.18. 2,161,847 shares of the stock were exchanged, compared to its average volume of 2,425,240. 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 firm has a market capitalization of $419.42 billion, a P/E ratio of 35.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The business has a 50-day moving average of $464.86 and a 200 day moving average of $444.94. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00.

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, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the company posted $2.80 earnings per share. Mastercard’s revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 14.23 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.