864 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd purchased a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 864 shares of the credit services provider's stock, valued at approximately $455,000.

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

Mastercard Stock Performance

Shares of Mastercard stock traded up $5.49 on Friday, reaching $583.27. 4,581,021 shares of the company traded hands, compared to its average volume of 2,610,146. The company has a 50 day moving average of $543.93 and a 200 day moving average of $539.67. 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 Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45. The firm has a market capitalization of $531.77 billion, a PE ratio of 41.99, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the firm earned $3.31 EPS. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Buying and Selling at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction 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 owns 3,255 shares of the company's stock, valued at $1,887,900. This trade represents a 4.41% 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 valued at $12,664,529 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on MA shares. UBS Group increased their price target on Mastercard from $640.00 to $660.00 and gave the company a "buy" rating in a research note on Wednesday. Wells Fargo & Company upped their target price on Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. KeyCorp increased their target price on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target on the stock. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $608.57.

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.