1,138 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Arvest Investments Inc.

Arvest Investments Inc. bought a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,138 shares of the credit services provider's stock, valued at approximately $624,000.

Several other institutional investors also recently modified their holdings of MA. Brighton Jones LLC raised its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Mastercard in the 4th quarter worth $83,644,000. Capital Advisors Inc. OK increased its position in Mastercard by 12.3% during the fourth quarter. Capital Advisors Inc. OK now owns 1,400 shares of the credit services provider's stock valued at $737,000 after acquiring an additional 153 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in Mastercard by 10.3% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,894 shares of the credit services provider's stock valued at $997,000 after acquiring an additional 177 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Mastercard by 3.8% in the 4th quarter. Van ECK Associates Corp now owns 184,677 shares of the credit services provider's stock worth $97,246,000 after purchasing an additional 6,781 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,258 shares of company stock worth $20,885,067 in the last 90 days. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MA. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Truist Financial started coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 target price on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. KeyCorp increased their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Stock Down 4.7%

MA traded down $27.78 on Friday, hitting $561.50. The company had a trading volume of 5,902,461 shares, compared to its average volume of 2,614,345. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The stock has a market capitalization of $511.92 billion, a price-to-earnings ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average price of $553.50 and a 200-day moving average price of $543.65.

Mastercard (NYSE:MA - Get Free Report) last announced 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. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the firm posted $3.31 EPS. Mastercard's revenue was up 14.2% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.