111 Capital Invests $522,000 in Mastercard Incorporated (NYSE:MA)

111 Capital purchased a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 991 shares of the credit services provider's stock, valued at approximately $522,000.

Several other institutional investors have also added to or reduced their stakes in MA. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Mastercard in the fourth quarter worth $83,644,000. BSW Wealth Partners increased its stake in shares of Mastercard by 11.9% in the fourth quarter. BSW Wealth Partners now owns 2,315 shares of the credit services provider's stock worth $1,219,000 after purchasing an additional 246 shares in the last quarter. Mayflower Financial Advisors LLC increased its stake in shares of Mastercard by 8.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 4,670 shares of the credit services provider's stock worth $2,459,000 after purchasing an additional 356 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its stake in shares of Mastercard by 4.4% in the fourth quarter. SteelPeak Wealth LLC now owns 5,173 shares of the credit services provider's stock worth $2,724,000 after purchasing an additional 217 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Down 0.9%

MA traded down $5.04 on Monday, reaching $580.56. 2,089,082 shares of the company traded hands, compared to its average volume of 2,608,062. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The firm has a fifty day simple moving average of $544.56 and a two-hundred day simple moving average of $540.21. The company has a market cap of $529.30 billion, a P/E ratio of 41.80, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. 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 announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business posted $3.31 EPS. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

MA has been the subject of a number of analyst reports. Truist Financial initiated coverage on shares of Mastercard in a research note on Monday. They issued a "buy" rating and a $640.00 price objective for the company. Barclays raised their target price on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. UBS Group raised their target price on shares of Mastercard from $640.00 to $660.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Finally, KeyCorp raised their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $609.66.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the transaction, the insider now directly owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock worth $12,664,529 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

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.