299 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 299 shares of the credit services provider’s stock, valued at approximately $164,000.

Other hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new stake in Mastercard during the 4th quarter worth approximately $26,000. Marshall Investment Management LLC acquired a new stake in Mastercard during the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the 4th quarter valued at $32,000. Finally, Navigoe LLC acquired a new position in Mastercard in the 4th quarter valued at $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MA shares. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Finally, Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Trading Down 4.7%

Shares of MA stock opened at $561.50 on Friday. The stock’s fifty day simple moving average is $555.17 and its 200 day simple moving average is $543.96. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The firm has a market capitalization of $511.92 billion, a P/E ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the company posted $3.31 EPS. The business’s revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the transaction, the insider now directly owns 58,451 shares of the company’s stock, valued at $34,379,709.18. The trade was a 13.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 46,686 shares of company stock worth $26,430,428. Insiders own 0.09% of the company’s stock.

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.