Mastercard Incorporated (NYSE:MA) Insider Sells $1,330,320.00 in Stock

Mastercard Incorporated (NYSE:MA) insider Hai Ling sold 2,892 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the completion of the sale, the insider now directly owns 21,420 shares of the company’s stock, valued at approximately $9,853,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Mastercard Trading Down 0.6 %

Mastercard stock opened at $456.55 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The firm’s 50-day moving average is $465.42 and its 200-day moving average is $444.90. The company has a market cap of $424.41 billion, a P/E ratio of 36.29, a PEG ratio of 1.80 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the company earned $2.80 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post 14.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MA. JPMorgan Chase & Co. lowered their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Barclays lowered their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Piper Sandler began coverage on shares of Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. Royal Bank of Canada raised their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Robert W. Baird raised their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $497.78.

Institutional Trading of Mastercard

A number of large investors have recently modified their holdings of MA. Norges Bank acquired a new stake in shares of Mastercard in the 4th quarter worth about $4,595,559,000. International Assets Investment Management LLC increased its stake in Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after buying an additional 2,929,940 shares during the period. Swedbank AB acquired a new position in Mastercard during the 1st quarter valued at about $660,652,000. Assenagon Asset Management S.A. increased its stake in Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after buying an additional 791,799 shares during the period. Finally, Vanguard Group Inc. increased its stake in Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after buying an additional 742,076 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

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.