Unique Wealth LLC Raises Holdings in Mastercard Incorporated (NYSE:MA)

Unique Wealth LLC grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,713 shares of the credit services provider's stock after buying an additional 993 shares during the quarter. Unique Wealth LLC's holdings in Mastercard were worth $2,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MA. NewSquare Capital LLC bought a new position in shares of Mastercard in the 4th quarter worth approximately $26,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard in the 4th quarter worth $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the 4th quarter worth $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter worth $32,000. Finally, Navigoe LLC purchased a new position in shares of Mastercard in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction that occurred 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 owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock worth $12,664,529 over the last quarter. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday. Citigroup boosted their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group boosted their price objective on Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Six 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Stock Performance

Shares of MA opened at $584.76 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45. The stock has a fifty day moving average price of $546.65 and a 200-day moving average price of $541.24. 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 firm has a market cap of $533.13 billion, a PE ratio of 42.10, a P/E/G ratio of 2.37 and a beta of 1.05.

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 (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm 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 revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $3.31 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard 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.

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