Mastercard Incorporated (NYSE:MA) is Handelsbanken Fonder AB's 10th Largest Position

Handelsbanken Fonder AB trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 11.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 589,361 shares of the credit services provider's stock after selling 72,858 shares during the period. Mastercard makes up approximately 1.3% of Handelsbanken Fonder AB's investment portfolio, making the stock its 10th largest position. Handelsbanken Fonder AB owned about 0.06% of Mastercard worth $323,041,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MA. Brighton Jones LLC boosted its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $83,644,000. Angeles Wealth Management LLC boosted its stake in shares of Mastercard by 2.1% in the 4th quarter. Angeles Wealth Management LLC now owns 6,282 shares of the credit services provider's stock valued at $3,308,000 after purchasing an additional 132 shares in the last quarter. Canvas Wealth Advisors LLC boosted its stake in shares of Mastercard by 8.5% in the 4th quarter. Canvas Wealth Advisors LLC now owns 1,207 shares of the credit services provider's stock valued at $636,000 after purchasing an additional 95 shares in the last quarter. Finally, Harbour Trust & Investment Management Co raised its holdings in Mastercard by 0.6% in the 4th quarter. Harbour Trust & Investment Management Co now owns 40,008 shares of the credit services provider's stock valued at $21,067,000 after buying an additional 227 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 completion of the sale, the insider now owns 3,555 shares of the company's stock, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 completion of the sale, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,258 shares of company stock worth $20,885,067. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target for the company. Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Price Performance

Shares of MA traded up $1.24 during midday trading on Wednesday, hitting $590.78. 2,238,068 shares of the company traded hands, compared to its average volume of 2,605,271. The stock has a 50-day moving average of $549.42 and a 200-day moving average of $542.89. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.67. The firm has a market cap of $538.62 billion, a P/E ratio of 42.53, a PEG ratio of 2.37 and a beta of 1.05. 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 posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.31 earnings per share. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Profile

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.