L & S Advisors Inc grew its holdings in Mastercard Inc (NYSE:MA) by 48.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,972 shares of the credit services provider’s stock after purchasing an additional 8,775 shares during the period. Mastercard comprises 0.9% of L & S Advisors Inc’s portfolio, making the stock its 21st largest holding. L & S Advisors Inc’s holdings in Mastercard were worth $7,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MA. Joseph P. Lucia & Associates LLC bought a new stake in Mastercard during the second quarter worth approximately $26,000. Delphi Private Advisors LLC acquired a new position in shares of Mastercard during the second quarter worth approximately $31,000. Evolution Wealth Advisors LLC acquired a new position in shares of Mastercard during the second quarter worth approximately $31,000. TCG Advisors LP lifted its holdings in shares of Mastercard by 49.5% during the second quarter. TCG Advisors LP now owns 151 shares of the credit services provider’s stock worth $41,000 after buying an additional 50 shares during the last quarter. Finally, Field & Main Bank acquired a new position in shares of Mastercard during the first quarter worth approximately $38,000. Institutional investors own 74.68% of the company’s stock.

Mastercard stock opened at $274.79 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a fifty day moving average price of $276.96 and a two-hundred day moving average price of $255.88. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $293.69. The firm has a market capitalization of $276.29 billion, a P/E ratio of 42.34, a P/E/G ratio of 2.15 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $1.66 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Inc will post 7.61 EPS for the current fiscal year.

MA has been the subject of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Friday. Bank of America upped their price target on Mastercard from $255.00 to $267.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. BMO Capital Markets set a $328.00 price target on Mastercard and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group upped their price target on Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Nomura upped their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $296.95.

In other news, insider Craig Vosburg sold 8,314 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $266.03, for a total transaction of $2,211,773.42. Following the sale, the insider now directly owns 33,047 shares in the company, valued at approximately $8,791,493.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the sale, the insider now owns 134,120 shares in the company, valued at $34,844,376. The disclosure for this sale can be found here. Insiders have sold 200,307 shares of company stock valued at $54,217,743 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

Mastercard Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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