Pathstone Holdings LLC Sells 1,983 Shares of Mastercard Incorporated (NYSE:MA)

Pathstone Holdings LLC lowered its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,261 shares of the credit services provider's stock after selling 1,983 shares during the period. Pathstone Holdings LLC's holdings in Mastercard were worth $78,051,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Addison Advisors LLC grew 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 worth $260,000 after buying an additional 18 shares in the last quarter. Capital Investment Advisory Services LLC grew its position 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 worth $1,651,000 after buying an additional 19 shares in the last quarter. Capital Investment Services of America Inc. boosted its holdings in shares of Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after purchasing an additional 19 shares in the last quarter. Augustine Asset Management Inc. boosted its holdings in shares of Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after purchasing an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC boosted its holdings in shares of Mastercard by 0.9% in the 4th 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. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm'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 transaction, the insider now directly owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of the firm'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 completion of the transaction, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 in the last ninety days. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Piper Sandler reiterated an "overweight" rating and issued a $635.00 price objective (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Mastercard in a report on Friday, January 31st. UBS Group lowered their target price on Mastercard from $660.00 to $640.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price for the company in a research note on Tuesday, February 4th. Six research 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $606.25.

Mastercard Stock Up 0.1%

MA traded up $0.77 during trading on Friday, hitting $582.97. 2,225,350 shares of the company's stock traded hands, compared to its average volume of 2,606,561. The company's 50 day simple moving average is $535.67 and its two-hundred day simple moving average is $535.48. The stock has a market capitalization of $531.49 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $584.29.

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

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.