Laurion Capital Management LP Makes New $329,000 Investment in Mastercard Incorporated (NYSE:MA)

Laurion Capital Management LP acquired a new position in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 624 shares of the credit services provider’s stock, valued at approximately $329,000.

Other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC bought a new stake in Mastercard in the fourth quarter worth $26,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard in the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter worth about $32,000. Navigoe LLC bought a new stake in shares of Mastercard in the 4th quarter worth about $33,000. Finally, Truvestments Capital LLC increased its holdings in shares of Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after buying an additional 25 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE MA opened at $568.38 on Monday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $532.17 and its 200-day moving average price is $533.39. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. The company has a market cap of $518.20 billion, a PE ratio of 40.92, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last announced 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 business 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 business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.31 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated 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 sale, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MA. KeyCorp boosted their price objective on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Raymond James reissued an “outperform” rating and set a $640.00 target price (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Finally, Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $606.25.

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.