Simplicity Wealth LLC Has $3.29 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Simplicity Wealth LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 140.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,004 shares of the credit services provider's stock after purchasing an additional 3,512 shares during the quarter. Simplicity Wealth LLC's holdings in Mastercard were worth $3,291,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. NewSquare Capital LLC purchased a new position in Mastercard in the 4th quarter worth approximately $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the 4th quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the fourth quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the fourth quarter valued at about $32,000. Finally, Navigoe LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

NYSE MA traded up $5.31 on Tuesday, reaching $589.64. 2,133,724 shares of the stock traded hands, compared to its average volume of 2,600,844. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $591.16. The company has a market cap of $537.58 billion, a price-to-earnings ratio of 42.45, a P/E/G ratio of 2.37 and a beta of 1.05. The firm's fifty day simple moving average is $548.23 and its 200 day simple moving average is $542.56. 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 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 business had revenue of $7.25 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business posted $3.31 earnings per share. As a group, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MA. UBS Group boosted their target price 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. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Macquarie lowered their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a report on Friday. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Insider Buying and Selling 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 of the company's stock, valued at $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 SEC, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated 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 completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is owned by insiders.

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.