Members Wealth LLC Invests $353,000 in Mastercard Incorporated (NYSE:MA)

Members Wealth LLC acquired a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 626 shares of the credit services provider's stock, valued at approximately $353,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Vanguard Group Inc. boosted its holdings in Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after purchasing an additional 377,302 shares during the period. FMR LLC raised its stake in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after buying an additional 912,856 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after buying an additional 282,739 shares during the last quarter. Norges Bank bought a new stake in shares of Mastercard in the 4th quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP raised its holdings in Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after buying an additional 817,836 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 1.0%

MA stock traded up $5.49 during trading on Friday, reaching $583.27. The stock had a trading volume of 4,581,021 shares, compared to its average volume of 2,615,372. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The company has a market capitalization of $531.77 billion, a price-to-earnings ratio of 41.99, a P/E/G ratio of 2.37 and a beta of 1.06. The company's 50 day moving average is $543.16 and its two-hundred day moving average is $539.17. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) last released 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 business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company's revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.31 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Susquehanna increased their target price on shares of Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. William Blair reissued an "outperform" rating on shares of Mastercard in a report on Friday, January 31st. Morgan Stanley decreased their price target on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $608.57.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares of the company's stock, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, 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. In the last 90 days, insiders have sold 23,207 shares of company stock valued at $12,664,529. Company insiders own 0.10% of the company's stock.

Mastercard 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.