Transform Wealth LLC Buys 9,281 Shares of Mastercard Incorporated (NYSE:MA)

Transform Wealth LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 59.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,975 shares of the credit services provider's stock after acquiring an additional 9,281 shares during the period. Transform Wealth LLC's holdings in Mastercard were worth $13,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Whalerock Point Partners LLC lifted its holdings in shares of 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. Steward Partners Investment Advisory LLC raised its holdings in 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 worth $37,841,000 after buying an additional 1,194 shares during the last quarter. Avestar Capital LLC lifted its stake in shares of Mastercard by 10.9% in the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock valued at $2,955,000 after buying an additional 550 shares in the last quarter. Baldwin Investment Management LLC grew 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 valued at $911,000 after buying an additional 93 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Mastercard during the fourth quarter worth about $6,022,224,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of NYSE MA traded down $3.13 during midday trading on Thursday, hitting $587.61. The company's stock had a trading volume of 752,129 shares, compared to its average volume of 2,597,989. The firm has a market capitalization of $535.73 billion, a price-to-earnings ratio of 42.30, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a fifty day moving average price of $551.43 and a 200 day moving average price of $543.22. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its 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 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,258 shares of company stock valued at $20,885,067. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MA. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Truist Financial began coverage on Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Finally, KeyCorp upped their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Company 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.