Mastercard Incorporated (NYSE:MA) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,264 shares of the credit services provider's stock after selling 1,384 shares during the period. Avior Wealth Management LLC's holdings in Mastercard were worth $5,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. River Street Advisors LLC lifted its stake in Mastercard by 2.9% during the 1st quarter. River Street Advisors LLC now owns 2,336 shares of the credit services provider's stock valued at $1,280,000 after acquiring an additional 65 shares during the period. Means Investment CO. Inc. lifted its stake in shares of Mastercard by 88.4% in the 1st quarter. Means Investment CO. Inc. now owns 3,456 shares of the credit services provider's stock valued at $1,894,000 after purchasing an additional 1,622 shares during the period. Walter & Keenan Wealth Management LLC IN ADV lifted its stake in shares of Mastercard by 8.7% in the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 2,259 shares of the credit services provider's stock valued at $1,238,000 after purchasing an additional 180 shares during the period. DecisionMap Wealth Management LLC lifted its stake in shares of Mastercard by 3.2% in the 1st quarter. DecisionMap Wealth Management LLC now owns 766 shares of the credit services provider's stock valued at $420,000 after purchasing an additional 24 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Mastercard by 17.3% in the 1st quarter. Blue Trust Inc. now owns 6,736 shares of the credit services provider's stock valued at $3,692,000 after purchasing an additional 992 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MA has been the subject of several analyst reports. Truist Financial initiated coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price for the company. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Citigroup boosted their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were 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 approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,513 shares of company stock valued at $23,166,463. 0.09% of the stock is owned by company insiders.

Mastercard Price Performance

Shares of Mastercard stock traded down $6.55 during trading hours on Friday, reaching $532.18. 8,202,700 shares of the company's stock were exchanged, compared to its average volume of 2,655,722. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a market capitalization of $485.19 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. The business has a fifty day moving average of $559.72 and a two-hundred day moving average of $544.51. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the firm earned $3.31 earnings per share. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share 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.