GDS Wealth Management Decreases Stock Holdings in Mastercard Incorporated (NYSE:MA)

GDS Wealth Management lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 577 shares of the credit services provider’s stock after selling 56 shares during the quarter. GDS Wealth Management’s holdings in Mastercard were worth $246,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Mastercard by 43,445.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after acquiring an additional 2,929,940 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Mastercard by 3,339.9% during the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock worth $322,867,000 after purchasing an additional 791,799 shares during the period. Lone Pine Capital LLC increased its stake in Mastercard by 48.4% during the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after acquiring an additional 569,534 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Mastercard by 6.9% in the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after buying an additional 515,481 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Mastercard by 30.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after buying an additional 428,627 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.5 %

NYSE MA traded up $2.32 during trading hours on Friday, reaching $457.81. 378,448 shares of the company’s stock traded hands, compared to its average volume of 2,440,067. The firm has a market cap of $427.09 billion, a PE ratio of 36.21, a PEG ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The firm has a 50-day simple moving average of $468.16 and a 200 day simple moving average of $439.34.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.80 EPS. Sell-side analysts anticipate that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,023,688 shares of company stock worth $464,057,537. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. KeyCorp raised their target price on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Susquehanna restated a “positive” rating and set a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Barclays dropped 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. The Goldman Sachs Group lifted their price objective on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Mizuho dropped their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

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.