Temasek Holdings Private Ltd Purchases 8,667 Shares of Mastercard Incorporated $MA

Temasek Holdings Private Ltd boosted its position in Mastercard Incorporated (NYSE:MA) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,769,218 shares of the credit services provider’s stock after acquiring an additional 8,667 shares during the quarter. Mastercard accounts for about 5.0% of Temasek Holdings Private Ltd’s holdings, making the stock its 4th biggest holding. Temasek Holdings Private Ltd owned 0.31% of Mastercard worth $1,580,891,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. raised its holdings in Mastercard by 1,833.1% in the fourth quarter. Rakuten Investment Management Inc. now owns 109,239 shares of the credit services provider’s stock valued at $63,129,000 after acquiring an additional 103,588 shares in the last quarter. Torque Asset Management LLC increased its stake in Mastercard by 7.4% in the fourth quarter. Torque Asset Management LLC now owns 56,038 shares of the credit services provider’s stock valued at $31,991,000 after purchasing an additional 3,852 shares during the last quarter. L2 Asset Management LLC increased its stake in Mastercard by 6.1% in the fourth quarter. L2 Asset Management LLC now owns 4,143 shares of the credit services provider’s stock valued at $2,365,000 after purchasing an additional 237 shares during the last quarter. Bluedoor Private Wealth LLC purchased a new position in Mastercard in the fourth quarter valued at approximately $3,969,000. Finally, Cynosure Group LLC increased its stake in Mastercard by 28.4% in the fourth quarter. Cynosure Group LLC now owns 1,153 shares of the credit services provider’s stock valued at $658,000 after purchasing an additional 255 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of several recent analyst reports. Truist Financial dropped their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. TD Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Tigress Financial increased their price target on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. UBS Group dropped their price target on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Morgan Stanley restated an “overweight” rating and set a $679.00 target price on shares of Mastercard in a research report on Friday, May 1st. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $656.04.

Mastercard Price Performance

Shares of NYSE MA opened at $490.47 on Tuesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average price of $499.25 and a 200 day moving average price of $523.09. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The company has a market cap of $433.37 billion, a PE ratio of 28.38, a P/E/G ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period last year, the company earned $3.73 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current year.

About Mastercard

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.