Mastercard (NYSE:MA) Trading Down 0.8% Following Insider Selling

Mastercard Incorporated (NYSE:MA)’s share price was down 0.8% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $455.71 and last traded at $455.91. Approximately 484,597 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 2,420,780 shares. The stock had previously closed at $459.66.

Specifically, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Hai Ling sold 2,892 shares of Mastercard stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the completion of the sale, the insider now owns 21,420 shares of the company’s stock, valued at approximately $9,853,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,573,580 shares of company stock worth $715,722,727. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI increased their price objective on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. lowered their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Wells Fargo & Company boosted their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. TD Cowen started coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Finally, Oppenheimer reiterated an “outperform” rating and set a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $497.78.

Mastercard Price Performance

The stock has a market capitalization of $424.41 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 1.80 and a beta of 1.08. The business’s fifty day moving average price is $465.42 and its 200-day moving average price is $444.90. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period last year, the firm earned $2.80 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 14.23 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. WealthPlan Investment Management LLC raised its holdings in shares of Mastercard by 58.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 10,908 shares of the credit services provider’s stock worth $4,319,000 after purchasing an additional 4,008 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Mastercard by 4.8% during the third quarter. EverSource Wealth Advisors LLC now owns 4,842 shares of the credit services provider’s stock worth $1,917,000 after purchasing an additional 223 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in shares of Mastercard by 2.7% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,836 shares of the credit services provider’s stock worth $727,000 after buying an additional 48 shares during the last quarter. NBC Securities Inc. bought a new stake in Mastercard during the third quarter worth about $3,403,000. Finally, Achmea Investment Management B.V. increased its position in shares of Mastercard by 1.3% during the 3rd quarter. Achmea Investment Management B.V. now owns 73,948 shares of the credit services provider’s stock valued at $29,277,000 after purchasing an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Company 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.