Los Angeles Capital Management LLC Decreases Holdings in Mastercard Incorporated $MA

Los Angeles Capital Management LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 52.7% in the fourth quarter, Holdings Channel reports. The firm owned 151,299 shares of the credit services provider’s stock after selling 168,364 shares during the period. Los Angeles Capital Management LLC’s holdings in Mastercard were worth $83,771,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. boosted its position in Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares during the period. Tacita Capital Inc lifted its holdings in Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after buying an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its holdings in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after buying an additional 20 shares in the last quarter. Finally, Birchbrook Inc. acquired a new position in Mastercard in the 4th quarter worth $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE:MA opened at $491.67 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The firm has a 50-day simple moving average of $499.81 and a 200 day simple moving average of $525.11. The company has a market cap of $434.43 billion, a PE ratio of 28.45, a P/E/G ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the prior year, the firm earned $3.73 EPS. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on MA. Loop Capital reiterated a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a report on Wednesday. Royal Bank Of Canada cut their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. TD Cowen reiterated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Tigress Financial boosted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Finally, Susquehanna cut their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average price target of $656.04.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard’s CEO said spending growth has been holding up across all income bands, suggesting consumers remain resilient despite higher gas and food prices. That supports the outlook for payment volume and transaction growth. Mastercard CEO: Spending growth has been happening across all income bands
• Positive Sentiment: Mastercard is expanding its open finance ecosystem through a partnership with PaidBy, adding cross-border open banking payments, local-currency account-to-account transactions, and faster settlement. Can Mastercard Strengthen Its Open Finance Ecosystem With PaidBy?
• Positive Sentiment: News that Mastercard is adding stablecoins and broader settlement windows points to continued innovation in payments infrastructure, which could help the company capture more transaction flows and improve settlement efficiency. Mastercard adds stablecoins to payment settlement system
• Positive Sentiment: Mastercard’s leadership shake-up and AI-focused initiatives suggest management is trying to accelerate fintech growth and modernize the business, which investors may view as supportive of long-term expansion. Mastercard Leadership Shake-Up to Drive Fintech Growth
• Neutral Sentiment: Analysts and commentators continue to highlight Mastercard’s strong value-added services and high-return business model, but this is more of a long-term valuation argument than a direct near-term catalyst. Mastercard: Advanced DuPont Analysis Reveals Value-Added Services Are Built To Skyrocket The Share Price
• Negative Sentiment: Mastercard transactions in Cuba are set to be suspended, a reminder that geopolitical and sanctions-related issues can still disrupt some transaction volumes, though the financial impact is likely limited. Visa, Mastercard transactions in Cuba to be suspended, central bank says

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.