L & S Advisors Inc raised its position in Mastercard Inc (NYSE:MA) by 48.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,972 shares of the credit services provider’s stock after acquiring an additional 8,775 shares during the period. Mastercard makes up approximately 0.9% of L & S Advisors Inc’s holdings, making the stock its 21st biggest holding. L & S Advisors Inc’s holdings in Mastercard were worth $7,135,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Joseph P. Lucia & Associates LLC purchased a new position in shares of Mastercard during the second quarter worth $26,000. Ellis Investment Partners LLC bought a new stake in shares of Mastercard in the first quarter valued at approximately $30,000. Evolution Wealth Advisors LLC bought a new stake in shares of Mastercard in the second quarter valued at approximately $31,000. Delphi Private Advisors LLC bought a new stake in shares of Mastercard in the second quarter valued at approximately $31,000. Finally, Field & Main Bank bought a new stake in shares of Mastercard in the first quarter valued at approximately $38,000. Institutional investors own 74.68% of the company’s stock.
Several research firms have recently weighed in on MA. Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Tuesday, September 3rd. Morgan Stanley increased their price objective on Mastercard from $269.00 to $291.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Argus increased their price objective on Mastercard to $320.00 and gave the stock an “average” rating in a research note on Wednesday, July 31st. Credit Suisse Group set a $292.00 price objective on Mastercard and gave the stock a “buy” rating in a research note on Tuesday. Finally, Deutsche Bank increased their price objective on Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $296.95.
In related news, insider Craig Vosburg sold 8,314 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $266.03, for a total value of $2,211,773.42. Following the transaction, the insider now owns 33,047 shares in the company, valued at $8,791,493.41. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the transaction, the insider now owns 134,120 shares in the company, valued at approximately $34,844,376. The disclosure for this sale can be found here. Insiders have sold 200,307 shares of company stock worth $54,217,743 in the last 90 days. Company insiders own 3.70% of the company’s stock.
Shares of MA stock opened at $274.79 on Friday. The stock’s fifty day moving average is $276.96 and its 200-day moving average is $255.88. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $276.29 billion, a PE ratio of 42.34, a PEG ratio of 2.15 and a beta of 1.08. Mastercard Inc has a 52 week low of $171.89 and a 52 week high of $293.69.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.82 by $0.07. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share. As a group, analysts forecast that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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