Nan Shan Life Insurance Co. Ltd. Has $47.56 Million Stake in Mastercard Incorporated (NYSE:MA)

Nan Shan Life Insurance Co. Ltd. boosted its stake in Mastercard Incorporated (NYSE:MA) by 65.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 90,327 shares of the credit services provider’s stock after buying an additional 35,785 shares during the quarter. Mastercard makes up 1.1% of Nan Shan Life Insurance Co. Ltd.’s investment portfolio, making the stock its 28th largest holding. Nan Shan Life Insurance Co. Ltd.’s holdings in Mastercard were worth $47,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. NewSquare Capital LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at approximately $26,000. Marshall Investment Management LLC bought a new position in Mastercard in the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard during the 4th quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard in the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at $33,000. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MA. Royal Bank of Canada increased their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a research report on Tuesday, February 4th. UBS Group reduced their price objective on Mastercard from $660.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Raymond James restated an “outperform” rating and set a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $606.25.

Mastercard Trading Down 0.3%

Shares of NYSE:MA opened at $576.46 on Wednesday. The firm has a market capitalization of $525.56 billion, a P/E ratio of 41.50, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50-day moving average is $533.09 and its 200 day moving average is $534.18. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.86.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 earnings per share. On average, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’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 completion of the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.10% of the company’s stock.

About Mastercard

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.