Compagnie Lombard Odier SCmA Raises Holdings in Mastercard Incorporated (NYSE:MA)

Compagnie Lombard Odier SCmA lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 121.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,948 shares of the credit services provider's stock after purchasing an additional 1,068 shares during the period. Compagnie Lombard Odier SCmA's holdings in Mastercard were worth $1,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MA. NewSquare Capital LLC purchased a new position in Mastercard in the 4th quarter valued at $26,000. Marshall Investment Management LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC purchased a new position in Mastercard during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on MA. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. UBS Group upped their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. KeyCorp increased their price target 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. Finally, Truist Financial began coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business'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 of the company's stock, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,258 shares of company stock worth $20,885,067 over the last 90 days. 0.09% of the stock is owned by insiders.

Mastercard Stock Down 4.7%

MA traded down $27.78 on Friday, hitting $561.50. 5,902,461 shares of the company were exchanged, compared to its average volume of 2,614,345. The firm has a 50-day moving average price of $553.50 and a two-hundred day moving average price of $543.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a market cap of $511.92 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

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, beating 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 business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the business posted $3.31 EPS. The business's quarterly revenue was up 14.2% compared to the same quarter last year. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.