Mastercard (NYSE:MA) had its price objective hoisted by Citigroup from $288.00 to $317.00 in a research note published on Monday, BenzingaRatingsTable reports. They currently have a buy rating on the credit services provider’s stock.
MA has been the topic of several other research reports. Argus lifted their price objective on Mastercard to $320.00 and gave the company an average rating in a report on Wednesday, July 31st. BMO Capital Markets set a $328.00 price objective on Mastercard and gave the company a buy rating in a report on Wednesday, July 31st. Raymond James lifted their price objective on Mastercard from $300.00 to $308.00 and gave the company an outperform rating in a report on Wednesday, July 31st. Tigress Financial reiterated a buy rating on shares of Mastercard in a report on Thursday, August 22nd. Finally, Barclays boosted their target price on Mastercard from $310.00 to $319.00 and gave the company an overweight rating in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Mastercard has an average rating of Buy and a consensus price target of $295.55.
NYSE:MA opened at $276.40 on Monday. Mastercard has a fifty-two week low of $171.89 and a fifty-two week high of $293.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $278.64 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08. The business’s 50-day simple moving average is $276.96 and its 200-day simple moving average is $255.88.
In other news, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the sale, the insider now owns 134,120 shares in the company, valued at approximately $34,844,376. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Miebach sold 2,770 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total value of $789,450.00. Following the sale, the insider now owns 12,778 shares in the company, valued at approximately $3,641,730. The disclosure for this sale can be found here. Insiders sold a total of 200,307 shares of company stock worth $54,217,743 in the last 90 days. Company insiders own 3.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new stake in shares of Mastercard during the 2nd quarter worth approximately $26,000. Ellevest Inc. increased its holdings in shares of Mastercard by 52.8% during the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 38 shares during the last quarter. Ellis Investment Partners LLC acquired a new position in shares of Mastercard during the 1st quarter worth approximately $30,000. Evolution Wealth Advisors LLC acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $31,000. Finally, Delphi Private Advisors LLC acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $31,000. Institutional investors own 74.68% of the company’s stock.
Mastercard Company Profile
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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