James Hambro & Partners LLP Sells 492 Shares of Mastercard Incorporated (NYSE:MA)

James Hambro & Partners LLP lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,511 shares of the credit services provider's stock after selling 492 shares during the quarter. Mastercard makes up approximately 0.1% of James Hambro & Partners LLP's portfolio, making the stock its 27th biggest position. James Hambro & Partners LLP's holdings in Mastercard were worth $1,924,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Whalerock Point Partners LLC boosted its position in Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after buying an additional 185 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock valued at $37,841,000 after acquiring an additional 1,194 shares during the last quarter. Baldwin Investment Management LLC boosted its holdings in shares of Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after purchasing an additional 93 shares during the period. Norges Bank bought a new stake in shares of Mastercard in the fourth quarter worth about $6,022,224,000. Finally, Landing Point Financial Group LLC purchased a new position in Mastercard during the 4th quarter valued at about $981,000. 97.28% of the stock is currently owned by institutional investors.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares in the company, valued at approximately $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 a total of 40,513 shares of company stock worth $23,166,463 over the last quarter. Company insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Shares of Mastercard stock traded down $31.00 during trading on Wednesday, hitting $538.45. 6,956,843 shares of the company's stock traded hands, compared to its average volume of 2,775,245. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The business has a 50-day simple moving average of $558.05 and a 200-day simple moving average of $544.46. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $490.91 billion, a P/E ratio of 37.76, a PEG ratio of 2.48 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm posted $3.31 EPS. The business's quarterly revenue was up 14.2% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Analysts Set New Price Targets

MA has been the subject of several research analyst reports. UBS Group increased their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Evercore ISI initiated coverage on Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. KeyCorp raised their target price on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Truist Financial began coverage on Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target on the stock. Finally, Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Seven research 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. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

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.