MasterCard Target of Unusually Large Options Trading (MA)
Shares of MasterCard (NYSE:MA) was the target of some unusual options trading on Friday. Investors bought 31,462 put options on the stock, AnalystRatingsNetwork.com reports. This represents an increase of 211% compared to the average volume of 10,121 put options.
In other MasterCard news, major shareholder Foundation Mastercard unloaded 404,760 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $77.74, for a total transaction of $31,466,042.40. Following the transaction, the insider now directly owns 120,023,730 shares of the company’s stock, valued at approximately $9,330,644,770. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of MasterCard in a research note to investors on Tuesday. Separately, analysts at Sandler O’Neill initiated coverage on shares of MasterCard in a research note to investors on Monday. They set a “hold” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of MasterCard from $920.00 to $92.00 in a research note to investors on Monday. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $725.00.
Shares of MasterCard (NYSE:MA) traded down 5.12% on Friday, hitting $75.68. The stock had a trading volume of 23,252,734 shares. MasterCard has a one year low of $50.736 and a one year high of $84.748. The stock has a 50-day moving average of $81.40 and a 200-day moving average of $71.01. The company has a market cap of $87.985 billion and a price-to-earnings ratio of 31.55.
MasterCard (NYSE:MA) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.02. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the company posted $4.86 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts expect that MasterCard will post $2.64 EPS for the current fiscal year.
MasterCard Incorporated (NYSE:MA) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
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