Global Assets Advisory LLC Lowers Position in Mastercard Incorporated (NYSE:MA)

Global Assets Advisory LLC trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 54.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 831 shares of the credit services provider's stock after selling 1,012 shares during the period. Global Assets Advisory LLC's holdings in Mastercard were worth $434,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. NewSquare Capital LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard during the 4th quarter worth $30,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter worth about $32,000. Navigoe LLC bought a new position in Mastercard during the fourth quarter valued at about $33,000. Finally, Truvestments Capital LLC increased its holdings in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank of Canada lifted their price objective on Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and issued a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $606.25.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.6%

Shares of MA stock traded up $3.24 during trading hours on Tuesday, hitting $581.51. 310,234 shares of the company's stock traded hands, compared to its average volume of 2,601,546. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market cap of $530.17 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 2.37 and a beta of 1.06. The stock's fifty day simple moving average is $532.56 and its two-hundred day simple moving average is $533.88. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.44.

Mastercard (NYSE:MA - Get Free Report) last released 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. The business 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 period in the previous year, the company posted $3.31 earnings per share. On average, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

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.