Insider Selling: Mastercard Incorporated (NYSE:MA) Insider Sells 3,464 Shares of Stock

Mastercard Incorporated (NYSE:MA) insider Raj Seshadri sold 3,464 shares of Mastercard stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the sale, the insider now directly owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Raj Seshadri also recently made the following trade(s):

• On Tuesday, May 28th, Raj Seshadri sold 5,216 shares of Mastercard stock. The stock was sold at an average price of $446.71, for a total transaction of $2,330,039.36.

Mastercard Price Performance

Shares of NYSE MA opened at $444.63 on Friday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50-day moving average is $454.26 and its 200 day moving average is $450.46. The stock has a market capitalization of $413.33 billion, a P/E ratio of 35.34, a P/E/G ratio of 1.74 and a beta of 1.09.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.80 earnings per share. On average, sell-side analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen assumed coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. Barclays lowered their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Morgan Stanley lowered their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Piper Sandler initiated coverage on shares of Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective on the stock. Two equities research 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 data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $497.78.

Institutional Investors Weigh In On Mastercard

Hedge funds and other institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd purchased a new stake in Mastercard in the fourth quarter worth about $26,000. VitalStone Financial LLC grew its holdings in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in Mastercard in the fourth quarter worth about $27,000. Westend Capital Management LLC purchased a new stake in Mastercard in the first quarter worth about $27,000. Finally, Palisade Asset Management LLC bought a new position in shares of Mastercard in the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 97.28% 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.