2,327 Shares in Mastercard Incorporated $MA Purchased by Marble Wealth LLC

Marble Wealth LLC acquired a new position in Mastercard Incorporated (NYSE:MA) during the 4th quarter, HoldingsChannel reports. The fund acquired 2,327 shares of the credit services provider’s stock, valued at approximately $1,328,000.

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

Analysts Set New Price Targets

MA has been the topic of several recent research reports. Wolfe Research restated an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Royal Bank Of Canada lowered their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Susquehanna lowered their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Loop Capital initiated coverage on Mastercard in a report on Tuesday, March 31st. They set a “buy” rating and a $631.00 target price on the stock. Finally, Truist Financial lowered their target price on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $656.04.

Mastercard Stock Down 3.4%

MA stock opened at $478.19 on Wednesday. The firm has a market cap of $422.52 billion, a PE ratio of 27.67, a PEG ratio of 1.54 and a beta of 0.74. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50 day moving average price is $501.32 and its 200-day moving average price is $526.96. Mastercard Incorporated has a one year low of $477.68 and a one year high of $601.77.

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

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard is expanding its cross-border payments capabilities by testing instant euro-to-krona transfers on Europe’s TIPS platform, a move that could improve settlement speed and strengthen its long-term payments infrastructure. Mastercard Joins European Cross-Border Instant Payments Pilot
• Positive Sentiment: TD Cowen reaffirmed a Buy rating on Mastercard after its strong first-quarter results, pointing to 12% net revenue growth and keeping a $671 price target in place. Mastercard (MA) flashes major signal on New York BitLicense
• Neutral Sentiment: Mastercard announced a leadership reshuffle, naming Ling Hai as CFO and moving Sachin Mehra into a new chief business officer role, which investors may view as a routine succession and organizational realignment rather than a major earnings event. Mastercard names Ling Hai CFO, moves Sachin Mehra to new role
• Neutral Sentiment: Mastercard also reported broader management changes aimed at deepening its leadership bench, adding to the sense of internal restructuring but not clearly changing its near-term financial outlook. Mastercard rearranges leadership
• Negative Sentiment: Recent commentary on Berkshire Hathaway’s stake reduction is adding pressure to sentiment, since any perceived selling by a high-profile investor can weigh on the stock even if the business fundamentals remain intact. Mastercard gets the pink slip from Warren Buffett’s Berkshire

About Mastercard

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.