Mastercard Incorporated $MA Shares Acquired by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,769,218 shares of the credit services provider’s stock after acquiring an additional 8,667 shares during the period. Mastercard makes up approximately 5.0% of Temasek Holdings Private Ltd’s investment portfolio, making the stock its 4th largest position. Temasek Holdings Private Ltd’s holdings in Mastercard were worth $1,580,891,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after buying an additional 41 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in shares of Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC raised its stake in shares of Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after buying an additional 20 shares during the last quarter. Birchbrook Inc. acquired a new position in Mastercard in the 4th quarter valued at about $37,000. Finally, Tucker Asset Management LLC acquired a new position in Mastercard in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MA shares. Raymond James Financial set a $609.00 target price on shares of Mastercard in a research note on Friday, May 1st. Bank of America started coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price for the company. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. TD Cowen reissued a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, Susquehanna cut their target price on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $656.04.

Mastercard Stock Up 0.1%

MA opened at $490.47 on Tuesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $433.37 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The business has a 50-day moving average of $499.25 and a two-hundred day moving average of $523.09. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the previous year, the business earned $3.73 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current year.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.