Mastercard Incorporated (NYSE:MA) Shares Sold by GuoLine Advisory Pte Ltd

GuoLine Advisory Pte Ltd reduced its holdings in Mastercard Incorporated (NYSE:MA) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,900 shares of the credit services provider’s stock after selling 12,100 shares during the period. Mastercard makes up about 5.9% of GuoLine Advisory Pte Ltd’s investment portfolio, making the stock its 5th largest position. GuoLine Advisory Pte Ltd’s holdings in Mastercard were worth $55,305,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MA. NewSquare Capital LLC bought a new stake in shares of Mastercard during the fourth quarter worth $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the fourth quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $32,000. Finally, Navigoe LLC bought a new position in shares of Mastercard in the 4th quarter valued at about $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock worth $12,664,529 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MA shares. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $608.57.

Mastercard Price Performance

Mastercard stock opened at $577.36 on Friday. The company has a market cap of $526.39 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $588.45. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50 day moving average price of $543.16 and a 200 day moving average price of $539.17.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm earned $3.31 EPS. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.