White Elm Capital LLC Has $19.54 Million Position in Mastercard Inc (MA)

White Elm Capital LLC trimmed its position in Mastercard Inc (NYSE:MA) by 13.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,560 shares of the credit services provider’s stock after selling 17,200 shares during the period. Mastercard accounts for 4.3% of White Elm Capital LLC’s portfolio, making the stock its 8th biggest position. White Elm Capital LLC’s holdings in Mastercard were worth $19,541,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MA. SG Americas Securities LLC grew its stake in Mastercard by 1,384.3% in the fourth quarter. SG Americas Securities LLC now owns 16,209 shares of the credit services provider’s stock worth $2,453,000 after purchasing an additional 15,117 shares during the period. Rathbone Brothers plc grew its stake in Mastercard by 1.6% in the fourth quarter. Rathbone Brothers plc now owns 280,331 shares of the credit services provider’s stock worth $42,431,000 after purchasing an additional 4,508 shares during the period. APG Asset Management N.V. grew its stake in Mastercard by 43.5% in the fourth quarter. APG Asset Management N.V. now owns 2,765,794 shares of the credit services provider’s stock worth $348,626,000 after purchasing an additional 838,067 shares during the period. JLB & Associates Inc. grew its stake in Mastercard by 4.0% in the fourth quarter. JLB & Associates Inc. now owns 130,358 shares of the credit services provider’s stock worth $19,730,000 after purchasing an additional 5,024 shares during the period. Finally, FNY Partners Fund LP grew its stake in Mastercard by 328.6% in the fourth quarter. FNY Partners Fund LP now owns 1,500 shares of the credit services provider’s stock worth $227,000 after purchasing an additional 1,150 shares during the period. 74.89% of the stock is currently owned by institutional investors.

In other Mastercard news, CEO Ajay Banga sold 239,020 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 355,411 shares of the company’s stock, valued at $66,095,783.67. The transaction was disclosed in a 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 dated 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 transaction, the insider now directly owns 5,353 shares in the company, valued at approximately $928,049.61. The disclosure for this sale can be found here. In the last three months, insiders sold 300,259 shares of company stock worth $55,530,948. 0.32% of the stock is owned by corporate insiders.

Shares of Mastercard opened at $199.53 on Friday, Marketbeat reports. The firm has a market cap of $208.07 billion, a PE ratio of 43.57, a price-to-earnings-growth ratio of 1.66 and a beta of 1.18. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.64 and a current ratio of 1.64. Mastercard Inc has a 1 year low of $120.65 and a 1 year high of $204.00.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.25. Mastercard had a return on equity of 91.56% and a net margin of 32.42%. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the company earned $1.01 earnings per share. Mastercard’s revenue was up 30.9% on a year-over-year basis. research analysts predict that Mastercard Inc will post 6.32 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on MA shares. Loop Capital upped their price target on Mastercard to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 3rd. They noted that the move was a valuation call. ValuEngine raised Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Vetr raised Mastercard from a “hold” rating to a “buy” rating and set a $182.50 target price on the stock in a report on Thursday, March 1st. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $196.00 target price on the stock in a report on Thursday, April 12th. Finally, Nomura boosted their target price on Mastercard to $213.00 and gave the stock a “buy” rating in a report on Thursday, May 3rd. Three analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $186.91.

About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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