Mastercard Incorporated (NYSE:MA) Shares Sold by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. reduced its position in Mastercard Incorporated (NYSE:MAFree Report) by 27.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,803 shares of the credit services provider’s stock after selling 695 shares during the quarter. Asahi Life Asset Management CO. LTD.’s holdings in Mastercard were worth $769,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in shares of Mastercard during the fourth quarter worth about $26,000. LFA Lugano Financial Advisors SA purchased a new stake in Mastercard during the fourth quarter worth approximately $27,000. Criterion Capital Advisors LLC purchased a new stake in Mastercard during the fourth quarter worth approximately $33,000. Barometer Capital Management Inc. purchased a new stake in Mastercard during the third quarter worth approximately $36,000. Finally, Thomas J. Herzfeld Advisors Inc. lifted its stake in Mastercard by 661.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 86 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays reduced their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Wells Fargo & Company upped their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. cut their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. TD Cowen started coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Finally, Morgan Stanley cut their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Two research 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.78.

Check Out Our Latest Research Report on MA

Mastercard Trading Up 0.2 %

Shares of NYSE MA traded up $1.11 during midday trading on Friday, hitting $449.79. The stock had a trading volume of 1,656,867 shares, compared to its average volume of 2,413,866. The company has a market capitalization of $418.13 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 1.75 and a beta of 1.09. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a fifty day moving average price of $457.91 and a 200 day moving average price of $448.61.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.80 EPS. On average, analysts predict that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 115,000 shares of Mastercard stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $445.11, for a total transaction of $51,187,650.00. Following the sale, the insider now directly owns 93,788,308 shares in the company, valued at approximately $41,746,113,773.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 115,000 shares of Mastercard stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $445.11, for a total transaction of $51,187,650.00. Following the sale, the insider now directly owns 93,788,308 shares in the company, valued at approximately $41,746,113,773.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raj Seshadri sold 5,216 shares of Mastercard stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total value of $2,330,039.36. Following the sale, the insider now owns 15,183 shares in the company, valued at $6,782,397.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,211,936 shares of company stock valued at $1,000,536,422. Corporate insiders own 0.10% of the company’s stock.

About Mastercard

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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