Mastercard Incorporated (NYSE:MA) Shares Sold by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 30.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,466 shares of the credit services provider's stock after selling 3,220 shares during the quarter. San Luis Wealth Advisors LLC's holdings in Mastercard were worth $4,092,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Mastercard in the 4th quarter valued at about $83,644,000. Bank Pictet & Cie Europe AG increased its holdings in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after purchasing an additional 7,452 shares in the last quarter. Valmark Advisers Inc. increased its holdings in shares of Mastercard by 7.4% in the 4th quarter. Valmark Advisers Inc. now owns 3,775 shares of the credit services provider's stock valued at $1,988,000 after purchasing an additional 259 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Mastercard by 7.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 6,592 shares of the credit services provider's stock valued at $3,471,000 after purchasing an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the 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. This represents a 15.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred 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 transaction, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,645 shares of company stock worth $26,979,801 in the last three months. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MA shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. Finally, Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday. Seven 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 company's stock. According to MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Trading Up 0.2%

Shares of MA stock traded up $0.89 during trading hours on Tuesday, hitting $569.56. 2,246,096 shares of the company were exchanged, compared to its average volume of 2,616,540. The firm has a market cap of $519.27 billion, a PE ratio of 41.01, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. 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 firm has a fifty day moving average of $556.98 and a 200 day moving average of $544.29.

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