Mastercard Incorporated (NYSE:MA) Shares Sold by Nepsis Inc.

Nepsis Inc. trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 41.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,578 shares of the credit services provider's stock after selling 27,724 shares during the quarter. Mastercard makes up approximately 5.2% of Nepsis Inc.'s investment portfolio, making the stock its 6th largest position. Nepsis Inc.'s holdings in Mastercard were worth $21,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Addison Advisors LLC raised its holdings in shares of Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after acquiring an additional 18 shares in the last quarter. Augustine Asset Management Inc. increased its position in Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after purchasing an additional 19 shares during the last quarter. Richard W. Paul & Associates LLC raised its stake in shares of Mastercard by 0.9% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after purchasing an additional 19 shares in the last quarter. Founders Financial Alliance LLC lifted its holdings in shares of Mastercard by 2.9% during the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after buying an additional 19 shares during the last quarter. Finally, BlackDiamond Wealth Management LLC raised its position in Mastercard by 2.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity

In other news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,258 shares of company stock worth $20,885,067. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target on the stock. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Price Performance

Mastercard stock traded up $1.24 during mid-day trading on Wednesday, hitting $590.78. 2,238,068 shares of the company were exchanged, compared to its average volume of 2,605,271. The company has a market capitalization of $538.62 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The business has a fifty day moving average of $549.42 and a 200 day moving average of $542.89. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

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

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.