Nan Shan Life Insurance Co. Ltd. Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Nan Shan Life Insurance Co. Ltd. increased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 65.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,327 shares of the credit services provider's stock after acquiring an additional 35,785 shares during the quarter. Mastercard comprises 1.1% of Nan Shan Life Insurance Co. Ltd.'s investment portfolio, making the stock its 28th biggest position. Nan Shan Life Insurance Co. Ltd.'s holdings in Mastercard were worth $47,563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. NewSquare Capital LLC acquired a new position in Mastercard in the 4th quarter valued at about $26,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the 4th quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the 4th quarter valued at about $32,000. Marshall Investment Management LLC acquired a new position in Mastercard in the 4th quarter valued at about $30,000. Finally, Navigoe LLC acquired a new position in Mastercard in the 4th quarter valued at about $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 0.1%

Shares of NYSE:MA traded up $0.77 during trading hours on Friday, reaching $582.97. The stock had a trading volume of 2,225,350 shares, compared to its average volume of 2,606,561. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $584.57. The firm's 50 day moving average is $535.67 and its 200-day moving average is $535.48. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $531.49 billion, a price-to-earnings ratio of 41.97, a P/E/G ratio of 2.37 and a beta of 1.06.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MA shares. Raymond James reiterated an "outperform" rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Piper Sandler reiterated an "overweight" rating and issued a $635.00 target price (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Wells Fargo & Company boosted their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $606.25.

Insider Buying and Selling at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the 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 directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred 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. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. 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.