Mastercard Inc (NYSE:MA) Shares Bought by Fmr LLC

Fmr LLC raised its stake in shares of Mastercard Inc (NYSE:MA) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,441,076 shares of the credit services provider’s stock after acquiring an additional 720,407 shares during the quarter. Mastercard makes up 1.1% of Fmr LLC’s portfolio, making the stock its 12th biggest position. Fmr LLC’s holdings in Mastercard were worth $9,521,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of MA. Oregon Public Employees Retirement Fund lifted its position in shares of Mastercard by 14,925.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock worth $379,000 after buying an additional 71,077,219 shares during the last quarter. Norges Bank acquired a new position in Mastercard during the 4th quarter valued at about $1,701,899,000. Millennium Management LLC increased its stake in Mastercard by 673.1% during the 4th quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock valued at $264,263,000 after buying an additional 1,219,620 shares during the period. Polen Capital Management LLC increased its stake in Mastercard by 38.9% during the 4th quarter. Polen Capital Management LLC now owns 2,513,147 shares of the credit services provider’s stock valued at $474,105,000 after buying an additional 704,133 shares during the period. Finally, Investec Asset Management LTD increased its stake in Mastercard by 144.3% during the 1st quarter. Investec Asset Management LTD now owns 1,097,888 shares of the credit services provider’s stock valued at $258,498,000 after buying an additional 648,434 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Shares of MA traded up $1.39 during midday trading on Monday, hitting $261.49. The stock had a trading volume of 30,905 shares, compared to its average volume of 3,712,244. Mastercard Inc has a fifty-two week low of $171.89 and a fifty-two week high of $269.85. The stock has a market cap of $265.70 billion, a price-to-earnings ratio of 40.25, a PEG ratio of 2.06 and a beta of 1.09. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.66 by $0.12. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the company posted $1.50 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts anticipate that Mastercard Inc will post 7.6 earnings per share for the current year.

MA has been the topic of several research analyst reports. KeyCorp raised their target price on shares of Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. BMO Capital Markets raised their target price on shares of Mastercard from $254.00 to $274.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Oppenheimer raised their target price on shares of Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Nomura raised their target price on shares of Mastercard to $252.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Barclays raised their target price on shares of Mastercard from $261.00 to $285.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $249.75.

In related news, insider Craig Vosburg sold 7,650 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $238.24, for a total transaction of $1,822,536.00. Following the completion of the sale, the insider now directly owns 28,729 shares in the company, valued at $6,844,396.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Fraccaro sold 8,658 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $230.21, for a total transaction of $1,993,158.18. Following the sale, the insider now owns 4,124 shares of the company’s stock, valued at $949,386.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 325,076 shares of company stock valued at $80,831,753. Corporate insiders own 0.32% of the company’s stock.

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Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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