Mastercard Incorporated $MA Shares Bought by MayTech Global Investments LLC

MayTech Global Investments LLC raised its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,750 shares of the credit services provider’s stock after buying an additional 1,142 shares during the period. Mastercard comprises about 4.7% of MayTech Global Investments LLC’s investment portfolio, making the stock its 6th biggest holding. MayTech Global Investments LLC’s holdings in Mastercard were worth $46,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares during the period. Foster Dykema Cabot & Partners LLC lifted its stake in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its stake in shares of Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the last quarter. Birchbrook Inc. acquired a new stake in shares of Mastercard in the 4th quarter valued at $37,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup reduced their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research note on Thursday, March 19th. Bank of America assumed coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective for the company. Truist Financial reduced their price objective on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Tigress Financial lifted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $656.04.

Get Our Latest Report on Mastercard

Mastercard Stock Down 0.1%

Mastercard stock opened at $489.36 on Monday. The firm has a market cap of $432.39 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 1.53 and a beta of 0.74. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The firm has a fifty day moving average price of $499.31 and a two-hundred day moving average price of $523.49.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion during 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 was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.73 EPS. As a group, analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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