Mastercard Incorporated (NYSE:MA) Shares Sold by Climber Capital SA

Climber Capital SA lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 632 shares of the credit services provider’s stock after selling 46 shares during the quarter. Mastercard makes up about 2.0% of Climber Capital SA’s investment portfolio, making the stock its 21st largest holding. Climber Capital SA’s holdings in Mastercard were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Addison Advisors LLC lifted its stake in Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after buying an additional 18 shares during the last quarter. Richard W. Paul & Associates LLC lifted its stake in Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock valued at $1,182,000 after buying an additional 19 shares during the last quarter. Founders Financial Alliance LLC lifted its stake in Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock valued at $356,000 after buying an additional 19 shares during the last quarter. BlackDiamond Wealth Management LLC lifted its stake in Mastercard by 2.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock valued at $445,000 after buying an additional 19 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC lifted its stake in Mastercard by 2.6% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider’s stock valued at $388,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 1.8%

Shares of MA opened at $542.63 on Tuesday. The business’s 50-day moving average price is $560.33 and its 200 day moving average price is $544.91. The stock has a market capitalization of $494.72 billion, a P/E ratio of 38.05, a P/E/G ratio of 2.32 and a beta of 1.05. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $3.31 EPS. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now owns 3,255 shares of the company’s stock, valued at $1,887,900. The trade was a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,890 shares of company stock valued at $27,003,492. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Truist Financial initiated coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating and set a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, KeyCorp lifted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard Company Profile

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.