GuoLine Advisory Pte Ltd Sells 12,100 Shares of Mastercard Incorporated (NYSE:MA)

GuoLine Advisory Pte Ltd trimmed its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 10.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,900 shares of the credit services provider's stock after selling 12,100 shares during the quarter. Mastercard makes up about 5.9% of GuoLine Advisory Pte Ltd's holdings, making the stock its 5th biggest position. GuoLine Advisory Pte Ltd's holdings in Mastercard were worth $55,305,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased 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 valued at $40,640,219,000 after purchasing an additional 377,302 shares during the period. FMR LLC increased its stake in Mastercard by 4.3% in the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after buying an additional 912,856 shares during the period. Geode Capital Management LLC increased 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 buying an additional 282,739 shares during the period. Norges Bank acquired a new position in Mastercard in the 4th quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP increased its stake in Mastercard by 9.1% in the 4th 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 during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE:MA traded up $5.49 during trading hours on Friday, reaching $583.27. 4,581,021 shares of the company traded hands, compared to its average volume of 2,610,146. The firm's 50-day moving average is $543.93 and its 200-day moving average is $539.54. The stock has a market cap of $531.77 billion, a P/E ratio of 41.99, a P/E/G 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 Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.31 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm'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 sale, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their position. 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 ninety days. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MA. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target on the stock in a research note on Tuesday, February 4th. UBS Group boosted their target price on Mastercard from $640.00 to $660.00 and gave the stock a "buy" rating in a research report on Wednesday. Raymond James reiterated an "outperform" rating and set a $640.00 target price (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Macquarie dropped their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Six research 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, 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.