Oak Family Advisors LLC Cuts Stock Holdings in Mastercard Incorporated (NYSE:MA)

Oak Family Advisors LLC lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 56.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,452 shares of the credit services provider's stock after selling 3,197 shares during the quarter. Oak Family Advisors LLC's holdings in Mastercard were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Mastercard during the 4th quarter valued at approximately $6,022,224,000. GAMMA Investing LLC increased its position in Mastercard by 65,631.5% during 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 purchasing an additional 8,213,123 shares during the period. Raymond James Financial Inc. acquired a new stake in Mastercard during the 4th quarter valued at approximately $837,017,000. Proficio Capital Partners LLC increased its position in 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 valued at $818,962,000 after purchasing an additional 1,553,329 shares during the period. Finally, Northern Trust Corp increased its position in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction dated 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 transaction, the insider now owns 58,451 shares of the company's stock, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. 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 quarter. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

MA traded up $1.24 during trading hours on Wednesday, hitting $590.78. The stock had a trading volume of 2,238,068 shares, compared to its average volume of 2,605,271. The company's fifty day simple moving average is $549.42 and its 200 day simple moving average is $542.89. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.67. The stock has a market cap 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 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 posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.31 EPS. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on MA shares. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Evercore ISI started coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Seven equities research 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $610.00.

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.