BlueSky Wealth Advisors LLC Makes New $273,000 Investment in Mastercard Incorporated (NYSE:MA) (2024)

Posted by Tech Dows on Jun 2nd, 2024

BlueSky Wealth Advisors LLC purchased a new stake in Mastercard Incorporated (NYSE:MA – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 640 shares of the credit services provider’s stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in shares of Mastercard in the 4th quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA acquired a new position in Mastercard during the fourth quarter valued at approximately $27,000. Criterion Capital Advisors LLC bought a new stake in Mastercard during the fourth quarter worth $33,000. Barometer Capital Management Inc. acquired a new stake in shares of Mastercard in the 3rd quarter valued at $36,000. Finally, Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Mastercard by 661.5% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 86 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Mizuho decreased their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Susquehanna reiterated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Robert W. Baird raised their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Finally, Evercore ISI upped their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $497.78.

Check Out Our Latest Stock Analysis on Mastercard

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Raj Seshadri sold 5,216 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total value of $2,330,039.36. Following the completion of the transaction, the insider now directly owns 15,183 shares of the company’s stock, valued at $6,782,397.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders sold 1,977,908 shares of company stock valued at $896,753,428 in the last three months. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Up 1.1 %

MA traded up $4.97 during mid-day trading on Friday, reaching $447.07. 3,917,303 shares of the stock were exchanged, compared to its average volume of 2,139,200. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $415.60 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. The company has a 50 day moving average price of $460.49 and a two-hundred day moving average price of $447.63.

Mastercard (NYSE:MA – Get Free Report) last announced its earnings results 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 firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.80 EPS. As a group, research analysts anticipate that Mastercard Incorporated will post 14.23 EPS for the current year.

Mastercard Company Profile

(Free Report)

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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