Mastercard Incorporated (NYSE:MA) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lessened its stake in Mastercard Incorporated (NYSE:MA) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,250 shares of the credit services provider’s stock after selling 2,603 shares during the quarter. Mastercard accounts for 1.7% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 12th largest position. Douglas Lane & Associates LLC’s holdings in Mastercard were worth $113,598,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC purchased a new position in Mastercard in the 4th quarter valued at approximately $26,000. Marshall Investment Management LLC acquired a new stake in Mastercard in the fourth quarter valued at $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the fourth quarter valued at $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth $32,000. Finally, Navigoe LLC purchased a new stake in shares of Mastercard in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now owns 3,255 shares in the company, valued at $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,207 shares of company stock valued at $12,664,529. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on MA shares. Wells Fargo & Company raised their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. KeyCorp lifted their price objective on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Evercore ISI started coverage on Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price on the stock. UBS Group raised their price target on Mastercard from $640.00 to $660.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $608.57.

Mastercard Stock Up 1.0%

Shares of NYSE:MA opened at $583.27 on Friday. The stock has a 50-day simple moving average of $543.93 and a 200-day simple moving average of $539.67. The stock has a market capitalization of $531.77 billion, a P/E ratio of 41.99, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $588.45. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the company posted $3.31 earnings per share. Mastercard’s revenue was up 14.2% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard 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.