GTS Securities LLC Sells 3,882 Shares of Mastercard Incorporated (NYSE:MA)

GTS Securities LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 36.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,906 shares of the credit services provider's stock after selling 3,882 shares during the period. GTS Securities LLC's holdings in Mastercard were worth $3,636,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MA. NewSquare Capital LLC purchased a new position in shares of Mastercard in the 4th quarter worth approximately $26,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the 4th quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter worth approximately $32,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard in the 4th quarter worth approximately $30,000. Finally, 10Elms LLP bought a new stake in shares of Mastercard in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on MA. Evercore ISI began 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. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Piper Sandler reaffirmed an "overweight" rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. UBS Group lowered their price target on shares of Mastercard from $660.00 to $640.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Morgan Stanley lowered their price target on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and an average price target of $606.25.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 3,255 shares of the company's stock, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock valued at $12,664,529 over the last three months. Corporate insiders own 0.10% of the company's stock.

Mastercard Trading Down 1.0%

Shares of NYSE:MA traded down $5.92 during midday trading on Friday, hitting $564.23. 1,948,767 shares of the stock traded hands, compared to its average volume of 2,611,624. The stock has a market capitalization of $514.41 billion, a PE ratio of 40.62, a P/E/G ratio of 2.37 and a beta of 1.06. The business's 50 day moving average is $540.36 and its two-hundred day moving average is $538.06. 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 Incorporated has a one year low of $428.86 and a one year high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last issued 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. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 earnings per share. As a group, research analysts forecast 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.