Laurion Capital Management LP Purchases Shares of 624 Mastercard Incorporated (NYSE:MA)

Laurion Capital Management LP bought a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 624 shares of the credit services provider's stock, valued at approximately $329,000.

A number of other institutional investors also recently bought and sold shares of MA. Addison Advisors LLC lifted its position in Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after buying an additional 18 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake 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 purchasing an additional 19 shares during the last quarter. Capital Investment Services of America Inc. grew its holdings in shares of Mastercard by 4.2% during the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after purchasing an additional 19 shares during the last quarter. Augustine Asset Management Inc. lifted its position in Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after purchasing an additional 19 shares during the last quarter. Finally, Richard W. Paul & Associates LLC grew 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 in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.5%

Shares of Mastercard stock traded up $8.43 during trading hours on Thursday, hitting $581.71. The company's stock had a trading volume of 2,034,196 shares, compared to its average volume of 2,606,629. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.93. The stock has a 50 day moving average of $533.61 and a 200 day moving average of $534.45. The company has a market capitalization of $530.35 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on MA. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Piper Sandler reaffirmed an "overweight" rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Barclays lifted their price objective on Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Raymond James reissued an "outperform" rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $606.25.

Insider Activity

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction 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 transaction, the insider now owns 3,555 shares of the company's stock, valued at $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 ninety days, insiders sold 23,207 shares of company stock worth $12,664,529. Corporate insiders own 0.10% of the company's stock.

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.