Insider Selling: Mastercard Incorporated (NYSE:MA) Insider Sells 150 Shares of Stock

Mastercard Incorporated (NYSE:MA - Get Free Report) insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction 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 trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mastercard Stock Up 1.7%

MA stock traded up $9.69 during trading on Monday, hitting $578.33. 3,000,294 shares of the company's stock traded hands, compared to its average volume of 2,610,298. The business has a fifty day simple moving average of $532.17 and a two-hundred day simple moving average of $533.39. 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 firm has a market capitalization of $527.27 billion, a P/E ratio of 41.64, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $3.31 EPS. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Hedge Funds Weigh In On Mastercard

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after acquiring an additional 365,537 shares in the last quarter. FMR LLC boosted its stake in Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after acquiring an additional 912,856 shares in the last quarter. Geode Capital Management LLC grew its holdings in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after purchasing an additional 282,739 shares during the last quarter. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter worth $6,022,224,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. UBS Group lowered their price target on Mastercard from $660.00 to $640.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. William Blair reiterated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Finally, Morgan Stanley lowered their target price on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $606.25.

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.

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