LM Advisors LLC Has $1.61 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

LM Advisors LLC cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,053 shares of the credit services provider's stock after selling 1,797 shares during the quarter. LM Advisors LLC's holdings in Mastercard were worth $1,608,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Lakeshore Capital Group Inc. bought a new position in shares of Mastercard in the 4th quarter worth $647,000. Heck Capital Advisors LLC acquired a new position in Mastercard in the fourth quarter valued at about $536,000. Armis Advisers LLC bought a new position in Mastercard during the fourth quarter worth about $420,000. Instrumental Wealth LLC acquired a new position in shares of Mastercard during the 4th quarter worth about $215,000. Finally, Great Valley Advisor Group Inc. grew its position in shares of Mastercard by 18.5% during the 4th quarter. Great Valley Advisor Group Inc. now owns 3,530 shares of the credit services provider's stock worth $1,859,000 after buying an additional 552 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Up 1.0%

Shares of NYSE:MA traded up $5.49 during midday trading on Friday, reaching $583.27. The company had a trading volume of 4,580,252 shares, compared to its average volume of 2,613,673. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45. The stock has a market cap of $531.77 billion, a PE ratio of 41.99, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business's 50 day moving average price is $543.16 and its 200 day moving average price is $539.17.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the company earned $3.31 earnings per share. The business's revenue was up 14.2% compared to the same quarter last year. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MA shares. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Jefferies Financial Group lifted their price target on shares of Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a research report on Tuesday. UBS Group boosted their price target on shares of Mastercard from $640.00 to $660.00 and gave the company a "buy" rating in a report on Wednesday. DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective on the stock in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their target price on Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Mastercard presently has an average 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.