Rakuten Securities Inc. Has $691,000 Stake in Mastercard Incorporated (NYSE:MA)

Rakuten Securities Inc. raised its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 807.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,261 shares of the credit services provider's stock after purchasing an additional 1,122 shares during the period. Rakuten Securities Inc.'s holdings in Mastercard were worth $691,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MA. Vanguard Group Inc. grew its position in shares of Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC boosted its holdings in Mastercard by 4.3% in 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 boosted its holdings in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after purchasing an additional 282,739 shares during the period. Norges Bank bought a new stake in Mastercard during the fourth quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP raised its holdings in shares of Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after purchasing an additional 817,836 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 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 value of $8,220,537.55. Following the transaction, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,645 shares of company stock valued at $26,979,801. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MA shares. Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target for the company. Truist Financial started coverage on Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price for the company. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Macquarie lowered their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Price Performance

MA traded up $0.89 during trading on Tuesday, reaching $569.56. The stock had a trading volume of 2,246,096 shares, compared to its average volume of 2,616,540. The stock has a 50 day moving average of $556.98 and a two-hundred day moving average of $544.29. 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 market capitalization of $519.27 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth 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.

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, beating the consensus estimate 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 revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.31 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal 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.