Altrafin AG bought a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 43,558 shares of the credit services provider's stock, valued at approximately $24,867,000. Mastercard makes up approximately 7.9% of Altrafin AG's portfolio, making the stock its 4th largest position.
Other hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in 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 acquiring an additional 41 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in 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 acquiring an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its stake in 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 acquiring an additional 20 shares in the last quarter. Birchbrook Inc. acquired a new position in Mastercard during the 4th quarter worth about $37,000. Finally, Tucker Asset Management LLC acquired a new position in Mastercard during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 97.28% of the company's stock.
Key Headlines Impacting Mastercard
Here are the key news stories impacting Mastercard this week:
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Wolfe Research reaffirmed an "outperform" rating on shares of Mastercard in a research report on Tuesday, March 17th. TD Cowen reaffirmed a "buy" rating on shares of Mastercard in a research report on Tuesday, March 17th. Royal Bank Of Canada reduced their price target on Mastercard from $656.00 to $629.00 and set an "outperform" rating on the stock in a research report on Friday, May 1st. Finally, Evercore reaffirmed a "negative" rating on shares of Mastercard in a research report on Tuesday, March 17th. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $656.04.
View Our Latest Research Report on MA
Mastercard Price Performance
Shares of NYSE MA opened at $489.36 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The firm has a market capitalization of $432.39 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The stock's 50-day simple moving average is $499.31 and its 200-day simple moving average is $523.57.
Mastercard (NYSE:MA - Get Free Report) last released its quarterly 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. The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.73 EPS. As a group, equities research analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.
Mastercard Profile
(
Free Report)
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.
Further Reading

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