LifeWealth Investments LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

LifeWealth Investments LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 506 shares of the credit services provider's stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Whalerock Point Partners LLC lifted its holdings in Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after purchasing an additional 185 shares in the last quarter. Dock Street Asset Management Inc. raised its position in shares of Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after buying an additional 2,931 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Mastercard by 1.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after buying an additional 1,194 shares in the last quarter. Avestar Capital LLC boosted its position in shares of Mastercard by 10.9% during the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock worth $2,955,000 after acquiring an additional 550 shares during the last quarter. Finally, Baldwin Investment Management LLC grew its stake in Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock worth $12,664,529 in the last three months. Corporate insiders own 0.10% of the company's stock.

Mastercard Trading Up 0.2%

MA traded up $1.05 during trading on Wednesday, hitting $575.60. 1,701,113 shares of the stock were exchanged, compared to its average volume of 2,607,926. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50 day simple moving average of $542.49 and a 200 day simple moving average of $538.84. The firm has a market cap of $524.78 billion, a price-to-earnings ratio of 41.44, a P/E/G ratio of 2.37 and a beta of 1.06. 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 announced its quarterly earnings results 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 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% on a year-over-year basis. During the same quarter last year, the firm posted $3.31 earnings per share. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MA shares. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Piper Sandler reissued an "overweight" rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. Finally, Morgan Stanley cut their target price on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $608.57.

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.