Parker Investment Management LLC lessened its position in Mastercard Inc (NYSE:MA) by 27.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,347 shares of the credit services provider’s stock after selling 11,346 shares during the quarter. Mastercard comprises about 2.5% of Parker Investment Management LLC’s investment portfolio, making the stock its 9th biggest position. Parker Investment Management LLC’s holdings in Mastercard were worth $7,089,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Wealth Quarterback LLC bought a new position in Mastercard in the 4th quarter worth approximately $33,000. 1776 Wealth LLC acquired a new stake in shares of Mastercard in the first quarter worth $28,000. Sound Income Strategies LLC increased its position in Mastercard by 70.5% during the first quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 55 shares during the period. Samalin Investment Counsel LLC bought a new position in Mastercard during the fourth quarter worth $41,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Mastercard during the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 73.95% of the company’s stock.
Several research firms have recently issued reports on MA. Nomura restated a “buy” rating and set a $334.00 price objective on shares of Mastercard in a report on Thursday, April 30th. Nomura Securities lowered their price target on Mastercard from $368.00 to $334.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Citigroup upped their price target on Mastercard from $298.00 to $317.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays decreased their price objective on Mastercard from $370.00 to $335.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Finally, Tigress Financial restated a “buy” rating on shares of Mastercard in a research report on Wednesday, March 18th. Five research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $321.54.
In related news, Director Lance Darrell Gordon Uggla purchased 1,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was bought at an average cost of $265.00 per share, with a total value of $265,000.00. Following the purchase, the director now directly owns 5,691 shares in the company, valued at approximately $1,508,115. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julius Genachowski sold 2,009 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $281.79, for a total transaction of $566,116.11. Following the completion of the sale, the director now owns 7,346 shares in the company, valued at $2,070,029.34. The disclosure for this sale can be found here. 3.79% of the stock is owned by insiders.
MA traded up $1.19 during mid-day trading on Tuesday, reaching $302.59. The stock had a trading volume of 1,156,737 shares, compared to its average volume of 4,203,110. The firm’s fifty day simple moving average is $276.06 and its two-hundred day simple moving average is $288.84. The stock has a market capitalization of $302.02 billion, a P/E ratio of 39.01, a P/E/G ratio of 3.41 and a beta of 1.08. Mastercard Inc has a 52 week low of $199.99 and a 52 week high of $347.25. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.87 and a current ratio of 1.87.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.10. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Mastercard had a return on equity of 149.02% and a net margin of 46.75%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 earnings per share. As a group, analysts expect that Mastercard Inc will post 6.4 EPS for the current fiscal year.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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