1,870 Shares in Mastercard Incorporated (NYSE:MA) Bought by Napa Wealth Management

Napa Wealth Management bought a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,870 shares of the credit services provider's stock, valued at approximately $985,000.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Mastercard during the fourth quarter worth $6,022,224,000. Raymond James Financial Inc. acquired a new position in Mastercard in the 4th quarter worth approximately $837,017,000. Proficio Capital Partners LLC raised its position in Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after buying an additional 1,553,329 shares during the last quarter. Northern Trust Corp lifted its stake in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after acquiring an additional 1,207,787 shares during the period. Finally, Sanders Capital LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at $617,303,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now owns 3,255 shares in the company, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock valued at $12,664,529 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Up 0.1%

Shares of MA traded up $0.77 during trading hours on Friday, reaching $582.97. The company's stock had a trading volume of 2,225,350 shares, compared to its average volume of 2,606,561. The firm has a market cap 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 Incorporated has a 1-year low of $428.86 and a 1-year high of $584.57. 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 company has a 50 day moving average of $534.53 and a two-hundred day moving average of $534.95.

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

Analysts Set New Price Targets

MA has been the subject of a number of research reports. William Blair restated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Royal Bank of Canada upped their price objective on shares of Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Macquarie reduced their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $606.25.

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.