Trilogy Global Advisors LP lowered its position in shares of Mastercard (NYSE:MA) by 62.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,435 shares of the credit services provider’s stock after selling 231,862 shares during the quarter. Mastercard makes up about 2.2% of Trilogy Global Advisors LP’s holdings, making the stock its 15th largest holding. Trilogy Global Advisors LP’s holdings in Mastercard were worth $24,073,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Community Bank N.A. increased its holdings in shares of Mastercard by 119.7% in the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after purchasing an additional 365 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $103,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Mastercard in the third quarter valued at approximately $106,000. Trustcore Financial Services LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $120,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $123,000. 75.10% of the stock is owned by institutional investors and hedge funds.
MA has been the subject of several recent research reports. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $196.00 price target for the company in a report on Thursday, April 12th. Morgan Stanley increased their price objective on Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Sanford C. Bernstein began coverage on Mastercard in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $207.00 price objective for the company. Piper Jaffray Companies increased their price objective on Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Vetr upgraded Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price objective for the company in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $185.95.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Mastercard had a return on equity of 91.56% and a net margin of 32.42%. The company’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period last year, the firm earned $1.01 earnings per share. analysts anticipate that Mastercard will post 6.3 earnings per share for the current year.
In other news, CEO Ajay Banga sold 239,020 shares of the stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $185.97, for a total value of $44,450,549.40. Following the sale, the chief executive officer now directly owns 355,411 shares in the company, valued at $66,095,783.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Fraccaro sold 3,993 shares of the stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $173.37, for a total value of $692,266.41. Following the completion of the sale, the insider now owns 5,353 shares in the company, valued at $928,049.61. The disclosure for this sale can be found here. Over the last quarter, insiders sold 306,209 shares of company stock worth $56,620,393. Insiders own 0.32% of the company’s stock.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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