Mastercard Incorporated (NYSE:MA) Holdings Raised by Audent Global Asset Management LLC

Audent Global Asset Management LLC raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 163.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,288 shares of the credit services provider's stock after purchasing an additional 800 shares during the period. Audent Global Asset Management LLC's holdings in Mastercard were worth $678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new position in shares of Mastercard during the 4th quarter worth about $26,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard during the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard during the 4th quarter worth about $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard during the 4th quarter worth about $32,000. Finally, Navigoe LLC purchased a new position in Mastercard in the fourth quarter valued at approximately $33,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

MA traded up $5.49 during trading hours on Friday, hitting $583.27. 4,581,021 shares of the stock were exchanged, compared to its average volume of 2,615,375. The stock has a 50-day simple moving average of $543.93 and a 200-day simple moving average of $539.54. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45. The stock has a market cap of $531.77 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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 (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the business posted $3.31 earnings per share. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MA shares. Royal Bank of Canada raised their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Evercore ISI started coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, January 31st. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $608.57.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction 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 directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock worth $12,664,529 over the last ninety days. 0.10% of the stock is owned by insiders.

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.