Wealthedge Investment Advisors LLC Takes $363,000 Position in Mastercard Incorporated (NYSE:MA)

Wealthedge Investment Advisors LLC bought a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 689 shares of the credit services provider's stock, valued at approximately $363,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. Addison Advisors LLC boosted its position in shares of Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after buying an additional 18 shares during the period. Capital Investment Advisory Services LLC raised its holdings in Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock valued at $1,651,000 after buying an additional 19 shares in the last quarter. Capital Investment Services of America Inc. increased its stake in shares of Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after purchasing an additional 19 shares during the period. Augustine Asset Management Inc. increased its stake in shares of Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after purchasing an additional 19 shares during the period. Finally, Richard W. Paul & Associates LLC increased its stake in shares of Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Piper Sandler restated an "overweight" rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Keefe, Bruyette & Woods upped their target price on shares of Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. UBS Group upped their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, William Blair reiterated an "outperform" rating on shares of Mastercard in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $608.57.

Mastercard Trading Up 1.0%

Shares of Mastercard stock traded up $5.49 on Friday, hitting $583.27. 4,581,021 shares of the company traded hands, compared to its average volume of 2,615,372. The company has a market cap of $531.77 billion, a PE ratio of 41.99, a PEG ratio of 2.37 and a beta of 1.06. The stock's 50 day moving average price is $543.93 and its 200-day moving average price is $539.54. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.31 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the sale, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is owned by insiders.

About Mastercard

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.