Mastercard Incorporated $MA Shares Sold by Profund Advisors LLC

Profund Advisors LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 22.2% 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 9,169 shares of the credit services provider’s stock after selling 2,620 shares during the quarter. Profund Advisors LLC’s holdings in Mastercard were worth $5,234,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. grew its position in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. Tacita Capital Inc grew its position in Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC grew its position in shares of Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC grew its position in shares of Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after buying an additional 20 shares in the last quarter. Finally, Birchbrook Inc. acquired a new position in shares of Mastercard during the fourth quarter worth about $37,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Daiwa Securities Group set a $610.00 price objective on Mastercard and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Susquehanna lowered their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research report on Friday, May 1st. BMO Capital Markets initiated coverage on Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price objective for the company. Finally, Macquarie Infrastructure boosted their target price on shares of Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $656.00.

Mastercard Price Performance

MA stock opened at $505.39 on Tuesday. The business has a 50 day moving average price of $502.92 and a 200 day moving average price of $530.89. The stock has a market cap of $446.55 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.54 and a beta of 0.76. Mastercard Incorporated has a fifty-two week low of $480.50 and a fifty-two week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.73 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.