Mastercard Incorporated (NYSE:MA) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 10.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,682 shares of the credit services provider's stock after selling 13,797 shares during the quarter. Mastercard comprises about 1.7% of E. Ohman J or Asset Management AB's portfolio, making the stock its 10th biggest position. E. Ohman J or Asset Management AB's holdings in Mastercard were worth $65,600,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MA. Signal Advisors Wealth LLC lifted its holdings in shares of Mastercard by 24.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,739 shares of the credit services provider's stock valued at $953,000 after buying an additional 347 shares during the period. Ullmann Wealth Partners Group LLC raised its holdings in shares of Mastercard by 16.1% during the first quarter. Ullmann Wealth Partners Group LLC now owns 737 shares of the credit services provider's stock valued at $404,000 after acquiring an additional 102 shares during the last quarter. Foster Group Inc. grew its position in shares of Mastercard by 57.5% in the first quarter. Foster Group Inc. now owns 1,580 shares of the credit services provider's stock valued at $866,000 after purchasing an additional 577 shares in the last quarter. Annex Advisory Services LLC grew its position in shares of Mastercard by 18.8% in the first quarter. Annex Advisory Services LLC now owns 1,615 shares of the credit services provider's stock valued at $885,000 after purchasing an additional 256 shares in the last quarter. Finally, Breakwater Capital Group grew its position in Mastercard by 6.3% in the first quarter. Breakwater Capital Group now owns 1,142 shares of the credit services provider's stock worth $626,000 after acquiring an additional 68 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,258 shares of company stock worth $20,885,067 in the last ninety days. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MA. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Truist Financial initiated coverage on Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target on the stock. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Macquarie lowered their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Trading Up 0.8%

MA traded up $4.59 during trading on Friday, hitting $590.03. The company's stock had a trading volume of 1,528,611 shares, compared to its average volume of 2,601,629. The firm's 50 day moving average price is $547.49 and its 200-day moving average price is $541.73. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $537.94 billion, a PE ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $591.16.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly 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 during 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%. Mastercard's revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.31 EPS. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.