Mastercard Incorporated (NYSE:MA) Shares Sold by Columbia Asset Management

Columbia Asset Management lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 8.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380 shares of the credit services provider’s stock after selling 37 shares during the quarter. Columbia Asset Management’s holdings in Mastercard were worth $208,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of several recent research reports. Macquarie cut their price target on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Finally, Truist Financial initiated coverage on Mastercard in a research report on Monday. They issued a “buy” rating and a $640.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Stock Performance

Shares of MA stock opened at $584.34 on Thursday. The stock has a market capitalization of $532.75 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45. The stock’s 50-day moving average price is $545.93 and its 200 day moving average price is $540.81. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.31 EPS. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Insiders Place Their Bets

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.09% of the company’s stock.

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.