Union Bancaire Privee UBP SA Decreases Stock Holdings in Mastercard Incorporated (NYSE:MA)

Union Bancaire Privee UBP SA trimmed its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 23.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,402 shares of the credit services provider's stock after selling 38,046 shares during the quarter. Mastercard makes up 1.6% of Union Bancaire Privee UBP SA's holdings, making the stock its 18th biggest holding. Union Bancaire Privee UBP SA's holdings in Mastercard were worth $69,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MA. Addison Advisors LLC grew its stake in shares of Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after purchasing an additional 18 shares during the period. Augustine Asset Management Inc. grew its stake in shares of Mastercard by 1.1% during the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after purchasing an additional 19 shares during the period. Richard W. Paul & Associates LLC grew 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 valued at $1,182,000 after purchasing an additional 19 shares during the period. Founders Financial Alliance LLC grew its stake 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 purchasing an additional 19 shares during the period. Finally, BlackDiamond Wealth Management LLC grew its stake in shares of Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after purchasing an additional 19 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the 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 sale, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is currently owned by insiders.

Mastercard Trading Down 0.3%

Shares of NYSE MA traded down $1.99 during trading hours on Thursday, hitting $588.75. 1,983,945 shares of the company traded hands, compared to its average volume of 2,602,282. The stock has a market capitalization of $536.77 billion, a price-to-earnings ratio of 42.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company's 50 day moving average price is $551.43 and its 200 day moving average price is $543.22. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last released 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 firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.31 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MA shares. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Macquarie cut their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. Truist Financial started coverage on Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Finally, KeyCorp lifted their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Seven equities research 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.