Lifestyle Asset Management Inc. Has $1.21 Million Holdings in Mastercard Incorporated (NYSE:MA)

Lifestyle Asset Management Inc. cut its position in shares of Mastercard Incorporated (NYSE:MA) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,210 shares of the credit services provider’s stock after selling 220 shares during the quarter. Mastercard comprises about 0.7% of Lifestyle Asset Management Inc.’s holdings, making the stock its 29th largest position. Lifestyle Asset Management Inc.’s holdings in Mastercard were worth $1,211,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Mastercard during the fourth quarter valued at about $83,644,000. Tempus Wealth Planning LLC grew its holdings in shares of Mastercard by 7.0% during the fourth quarter. Tempus Wealth Planning LLC now owns 841 shares of the credit services provider’s stock valued at $443,000 after buying an additional 55 shares during the last quarter. Ninety One UK Ltd grew its holdings in shares of Mastercard by 3.9% during the fourth quarter. Ninety One UK Ltd now owns 1,033,810 shares of the credit services provider’s stock valued at $544,373,000 after buying an additional 38,606 shares during the last quarter. Finally, Ninety One SA PTY Ltd grew its holdings in shares of Mastercard by 0.8% during the fourth quarter. Ninety One SA PTY Ltd now owns 14,609 shares of the credit services provider’s stock valued at $7,693,000 after buying an additional 115 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares of the company’s stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $584.34 on Thursday. The company has a 50 day moving average of $545.93 and a 200 day moving average of $540.81. The stock has a market cap of $532.75 billion, a P/E ratio of 42.07, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.31 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MA. Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. Citigroup lifted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. KeyCorp raised their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Macquarie dropped their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Company Profile

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.