Mastercard Incorporated (NYSE:MA – Get Free Report) major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the sale, the insider now directly owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Foundation Mastercard also recently made the following trade(s):
- On Monday, May 6th, Foundation Mastercard sold 147,000 shares of Mastercard stock. The stock was sold at an average price of $447.58, for a total value of $65,794,260.00.
- On Wednesday, May 1st, Foundation Mastercard sold 116,000 shares of Mastercard stock. The stock was sold at an average price of $445.04, for a total value of $51,624,640.00.
- On Friday, April 26th, Foundation Mastercard sold 114,000 shares of Mastercard stock. The shares were sold at an average price of $462.57, for a total transaction of $52,732,980.00.
- On Wednesday, April 24th, Foundation Mastercard sold 109,000 shares of Mastercard stock. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00.
- On Monday, April 22nd, Foundation Mastercard sold 109,000 shares of Mastercard stock. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00.
- On Thursday, April 18th, Foundation Mastercard sold 111,000 shares of Mastercard stock. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00.
- On Thursday, March 21st, Foundation Mastercard sold 200 shares of Mastercard stock. The shares were sold at an average price of $487.25, for a total value of $97,450.00.
Mastercard Stock Up 0.8 %
Shares of MA opened at $453.13 on Wednesday. The business’s 50 day moving average is $468.64 and its 200 day moving average is $439.23. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The company has a market capitalization of $422.72 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.
Institutional Trading of Mastercard
Several hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd bought a new stake in Mastercard in the 4th quarter worth approximately $26,000. VitalStone Financial LLC increased its position 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 last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Mastercard during the fourth quarter valued at $27,000. Westend Capital Management LLC purchased a new stake in Mastercard during the first quarter valued at $27,000. Finally, Palisade Asset Management LLC bought a new position in Mastercard during the first quarter valued at $27,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on MA shares. Barclays decreased their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Raymond James lifted their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Evercore ISI increased their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Royal Bank of Canada raised their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $496.27.
Read Our Latest Report on Mastercard
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.
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