Snowden Capital Advisors LLC Buys 133 Shares of Mastercard Incorporated (NYSE:MA)

Snowden Capital Advisors LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,326 shares of the credit services provider’s stock after acquiring an additional 133 shares during the period. Snowden Capital Advisors LLC’s holdings in Mastercard were worth $13,336,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $32,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MA has been the topic of several research reports. Piper Sandler restated an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Royal Bank of Canada increased their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, UBS Group cut their price target on Mastercard from $660.00 to $640.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Six research 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.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $606.25.

Mastercard Stock Up 1.5%

Shares of NYSE MA opened at $581.71 on Friday. 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 company’s 50 day moving average price is $534.53 and its 200-day moving average price is $534.95. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $584.36. The company has a market capitalization of $530.35 billion, a P/E ratio of 41.88, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last announced 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. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm posted $3.31 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the sale, the insider now directly owns 3,255 shares of the company’s stock, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the 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 directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents 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 have sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is owned by company insiders.

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.