Good Life Advisors LLC Purchases 1,102 Shares of Mastercard Incorporated (NYSE:MA)

Good Life Advisors LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 9.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,200 shares of the credit services provider's stock after purchasing an additional 1,102 shares during the period. Good Life Advisors LLC's holdings in Mastercard were worth $7,235,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC increased its position in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after purchasing an additional 2,028 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Mastercard in the fourth quarter worth about $83,644,000. Bank Pictet & Cie Europe AG increased its position in Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after purchasing an additional 7,452 shares during the period. Quadrant Private Wealth Management LLC increased its position in Mastercard by 15.6% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 630 shares of the credit services provider's stock worth $332,000 after purchasing an additional 85 shares during the period. Finally, American Financial Advisors LLC acquired a new stake in Mastercard in the fourth quarter worth about $208,000. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the sale, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,379,709.18. This represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,645 shares of company stock worth $26,979,801. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, KeyCorp boosted their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Price Performance

Shares of MA stock traded up $6.49 on Monday, hitting $568.52. 3,107,510 shares of the company's stock were exchanged, compared to its average volume of 2,618,016. 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 Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The stock has a market cap of $518.32 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The company has a 50 day moving average of $555.17 and a 200 day moving average of $544.04.

Mastercard (NYSE:MA - Get Free Report) last announced 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. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company earned $3.31 EPS. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

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.