Mastercard Incorporated (NYSE:MA) Shares Sold by Avanza Fonder AB

Avanza Fonder AB lessened its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,828 shares of the credit services provider's stock after selling 2,613 shares during the quarter. Mastercard accounts for about 1.0% of Avanza Fonder AB's investment portfolio, making the stock its 15th largest position. Avanza Fonder AB's holdings in Mastercard were worth $31,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of MA. Norges Bank bought a new position in Mastercard during the 4th quarter worth approximately $6,022,224,000. GAMMA Investing LLC raised its position in Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after buying an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mastercard in the fourth quarter worth $837,017,000. Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after buying an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. KeyCorp raised their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Stock Up 0.2%

MA traded up $1.24 on Wednesday, reaching $590.78. The company's stock had a trading volume of 2,238,068 shares, compared to its average volume of 2,605,271. 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 50 day moving average of $549.42 and a two-hundred day moving average of $542.89. The company has a market capitalization of $538.62 billion, a price-to-earnings ratio of 42.53, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.67.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company's revenue was up 14.2% on a year-over-year basis. During the same period last year, the business posted $3.31 EPS. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Transactions at Mastercard

In other Mastercard news, 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 transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider now owns 58,451 shares of the company's stock, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,258 shares of company stock valued at $20,885,067 in the last 90 days. 0.09% of the stock is currently owned by insiders.

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.