Mastercard Incorporated (NYSE:MA) Shares Purchased by Tremblant Capital Group

Tremblant Capital Group lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,998 shares of the credit services provider's stock after purchasing an additional 640 shares during the quarter. Tremblant Capital Group's holdings in Mastercard were worth $2,632,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC purchased a new position in shares of Mastercard in the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC purchased a new position in shares of Mastercard in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business'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 sale, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock worth $12,664,529 in the last three months. Insiders own 0.10% of the company's stock.

Mastercard Stock Performance

NYSE:MA traded down $5.92 during midday trading on Friday, reaching $564.23. The stock had a trading volume of 1,948,767 shares, compared to its average volume of 2,609,826. The firm has a fifty day simple moving average of $540.36 and a two-hundred day simple moving average of $537.81. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45. 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 stock has a market cap of $514.41 billion, a P/E ratio of 40.62, a P/E/G ratio of 2.37 and a beta of 1.06.

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

Analyst Ratings Changes

MA has been the topic of several analyst reports. William Blair reaffirmed an "outperform" rating on shares of Mastercard in a report on Friday, January 31st. UBS Group reduced their target price on shares of Mastercard from $660.00 to $640.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada raised their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Morgan Stanley reduced their target price on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company raised their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $606.25.

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.