1900 Wealth Management LLC Has $247,000 Stock Position in Mastercard Incorporated (NYSE:MA)

1900 Wealth Management LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 40.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 513 shares of the credit services provider’s stock after selling 342 shares during the period. 1900 Wealth Management LLC’s holdings in Mastercard were worth $247,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in shares of Mastercard during the fourth quarter valued at about $26,000. VitalStone Financial LLC raised its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard during the 4th quarter worth approximately $27,000. Westend Capital Management LLC bought a new stake in Mastercard during the 1st quarter worth approximately $27,000. Finally, Scarborough Advisors LLC acquired a new position in Mastercard in the 4th quarter valued at approximately $28,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 0.6 %

Mastercard stock traded down $2.55 during mid-day trading on Wednesday, reaching $456.55. The stock had a trading volume of 1,712,905 shares, compared to its average volume of 2,431,329. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The stock’s 50-day simple moving average is $465.42 and its 200-day simple moving average is $444.90. The firm has a market capitalization of $424.41 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the previous year, the business posted $2.80 EPS. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 122,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $460.20, for a total transaction of $56,144,400.00. Following the completion of the sale, the insider now owns 94,971,308 shares in the company, valued at $43,705,795,941.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Foundation Mastercard sold 122,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $460.20, for a total value of $56,144,400.00. Following the completion of the transaction, the insider now directly owns 94,971,308 shares of the company’s stock, valued at $43,705,795,941.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold 1,573,580 shares of company stock worth $715,722,727 in the last quarter. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MA. BMO Capital Markets boosted their price objective on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. KeyCorp increased their price target on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Barclays cut their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Piper Sandler initiated coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 target price for the company. Finally, Evercore ISI boosted their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $497.78.

Mastercard 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.