Douglas Lane & Associates LLC Sells 2,603 Shares of Mastercard Incorporated (NYSE:MA)

Douglas Lane & Associates LLC trimmed its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,250 shares of the credit services provider's stock after selling 2,603 shares during the period. Mastercard comprises approximately 1.7% of Douglas Lane & Associates LLC's investment portfolio, making the stock its 12th biggest position. Douglas Lane & Associates LLC's holdings in Mastercard were worth $113,598,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after purchasing an additional 377,302 shares during the period. FMR LLC raised its position in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after purchasing an additional 912,856 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after buying an additional 282,739 shares during the last quarter. Norges Bank bought a new stake in shares of Mastercard during the fourth quarter worth about $6,022,224,000. Finally, Wellington Management Group LLP raised its holdings in shares of Mastercard by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after acquiring an additional 817,836 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Truist Financial began coverage on shares of Mastercard in a research note on Monday. They issued a "buy" rating and a $640.00 price objective for the company. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Insider Transactions at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm'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 directly owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now directly owns 3,255 shares of the company's stock, valued at approximately $1,887,900. This represents a 4.41% 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 quarter. Insiders own 0.09% of the company's stock.

Mastercard Price Performance

NYSE MA traded down $0.29 during trading on Thursday, reaching $583.84. The company's stock had a trading volume of 738,416 shares, compared to its average volume of 2,738,836. The firm has a fifty day moving average of $545.93 and a 200 day moving average of $540.81. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The stock has a market capitalization of $532.29 billion, a PE ratio of 42.03, a P/E/G ratio of 2.37 and a beta of 1.05. 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 (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, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the prior year, the business earned $3.31 earnings per share. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal 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.