Union Bancaire Privee UBP SA Sells 38,046 Shares of Mastercard Incorporated (NYSE:MA)

Union Bancaire Privee UBP SA cut its position in Mastercard Incorporated (NYSE:MA) by 23.1% in the first quarter, HoldingsChannel.com reports. The firm owned 126,402 shares of the credit services provider’s stock after selling 38,046 shares during the quarter. Mastercard comprises about 1.6% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 18th biggest holding. Union Bancaire Privee UBP SA’s holdings in Mastercard were worth $69,571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Addison Advisors LLC increased its position in shares of Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock worth $260,000 after acquiring an additional 18 shares during the period. Augustine Asset Management Inc. grew its stake in Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after purchasing an additional 19 shares in the last quarter. Richard W. Paul & Associates LLC increased its holdings in Mastercard by 0.9% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after purchasing an additional 19 shares during the period. Founders Financial Alliance LLC raised its position in Mastercard by 2.9% during the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock valued at $356,000 after purchasing an additional 19 shares in the last quarter. Finally, BlackDiamond Wealth Management LLC grew its position in shares of Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock worth $445,000 after buying an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.2%

Shares of NYSE:MA opened at $590.78 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The business has a 50 day moving average of $551.43 and a two-hundred day moving average of $543.22. The company has a market capitalization of $538.62 billion, a PE ratio of 42.53, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.31 EPS. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective on the stock. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Finally, Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,258 shares of company stock worth $20,885,067. Company insiders own 0.09% of the company’s stock.

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.