Hudson Bay Capital Management LP Acquires New Stake in Mastercard Incorporated (NYSE:MA)

Hudson Bay Capital Management LP acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,582 shares of the credit services provider's stock, valued at approximately $3,992,000.

Other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new stake in Mastercard during the 4th quarter worth about $26,000. Marshall Investment Management LLC purchased a new stake in Mastercard during the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the 4th quarter worth about $32,000. Navigoe LLC purchased a new stake in Mastercard during the 4th quarter worth about $33,000. Finally, Truvestments Capital LLC lifted its holdings in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Trading Up 0.1%

MA traded up $0.77 on Friday, hitting $582.97. 2,225,350 shares of the company were exchanged, compared to its average volume of 2,605,786. The stock has a market capitalization of $531.49 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $584.57. The firm has a fifty day simple moving average of $534.53 and a two-hundred day simple moving average of $534.95. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $3.31 EPS. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now directly owns 3,255 shares of the company's stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock valued at $12,664,529 in the last three months. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MA shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Raymond James reaffirmed an "outperform" rating and issued a $640.00 price target (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Royal Bank of Canada raised their price target on Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $606.25.

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.