Mastercard Incorporated (NYSE:MA) Shares Bought by Vident Advisory LLC

Vident Advisory LLC raised its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 194.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,977 shares of the credit services provider's stock after buying an additional 98,421 shares during the period. Mastercard comprises 1.4% of Vident Advisory LLC's portfolio, making the stock its 10th biggest position. Vident Advisory LLC's holdings in Mastercard were worth $78,448,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $6,022,224,000. Raymond James Financial Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC increased its holdings in shares of Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after purchasing an additional 1,553,329 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares in the last quarter. Finally, Sanders Capital LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $617,303,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were 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 in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now 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. Insiders have sold 23,207 shares of company stock valued at $12,664,529 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 1.0%

MA traded down $5.92 during trading on Friday, hitting $564.23. The company had a trading volume of 1,948,767 shares, compared to its average volume of 2,609,826. The company has a market capitalization of $514.41 billion, a PE ratio of 40.62, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The firm's 50-day moving average price is $540.36 and its 200 day moving average price is $537.81. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm's revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 EPS. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MA shares. Barclays raised their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. KeyCorp lifted their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Wells Fargo & Company lifted their target price on shares of Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Finally, Susquehanna lifted their target price on shares of Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating 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 given a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $606.25.

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.