Robertson Stephens Wealth Management LLC Sells 443 Shares of Mastercard Incorporated (NYSE:MA)

Robertson Stephens Wealth Management LLC reduced its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 16.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,285 shares of the credit services provider's stock after selling 443 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Mastercard were worth $1,253,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake 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 valued at $40,640,219,000 after purchasing an additional 377,302 shares during the period. FMR LLC grew its holdings in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after buying an additional 912,856 shares in the last quarter. Geode Capital Management LLC raised its position in Mastercard by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after buying an additional 282,739 shares during the last quarter. Norges Bank bought a new stake in Mastercard in the 4th quarter valued at approximately $6,022,224,000. Finally, Wellington Management Group LLP boosted its position in Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after acquiring an additional 817,836 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the sale, the insider now owns 25,540 shares in the company, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 14,051 shares of the business'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 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 disclosure for this sale can be found here. Insiders have sold 40,513 shares of company stock valued at $23,166,463 over the last 90 days. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

NYSE:MA traded down $31.00 during mid-day trading on Thursday, reaching $538.45. 6,961,693 shares of the company's stock were exchanged, compared to its average volume of 2,634,932. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The business's fifty day simple moving average is $558.50 and its two-hundred day simple moving average is $544.42. The firm has a market capitalization of $490.91 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the firm earned $3.31 earnings per share. The business's revenue for the quarter was up 14.2% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MA shares. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Finally, UBS Group upped their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Seven equities 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 stock. According to MarketBeat.com, the stock presently has a consensus 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.