AlphaQuest LLC Boosts Holdings in Mastercard Incorporated $MA

AlphaQuest LLC increased its position in Mastercard Incorporated (NYSE:MA) by 19,990.9% in the fourth quarter, HoldingsChannel reports. The firm owned 2,210 shares of the credit services provider’s stock after purchasing an additional 2,199 shares during the quarter. AlphaQuest LLC’s holdings in Mastercard were worth $1,262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Brighton Jones LLC grew its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Mastercard by 8.5% in the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after acquiring an additional 200 shares during the last quarter. Betterment LLC grew its stake in shares of Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after acquiring an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC grew its stake in shares of Mastercard by 35.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after acquiring an additional 178,387 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Mastercard in the second quarter worth about $431,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Royal Bank Of Canada decreased their target price on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Truist Financial decreased their target price on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Evercore reiterated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $739.00 target price on shares of Mastercard in a research note on Thursday, January 29th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average target price of $656.04.

Mastercard Stock Down 0.3%

MA opened at $493.76 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a 50 day moving average price of $501.11 and a 200-day moving average price of $527.80. Mastercard Incorporated has a twelve month low of $480.50 and a twelve month high of $601.77. The stock has a market capitalization of $436.28 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.54 and a beta of 0.76.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.Mastercard’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.73 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard received a New York BitLicense, strengthening its ability to pursue regulated digital asset, stablecoin, and blockchain payment initiatives. Mastercard Granted New York State Department of Financial Services BitLicense
• Positive Sentiment: Analyst and commentary pieces highlighted Mastercard as a potential beneficiary of inflation and currency debasement trends, pointing to its high-margin payments model and durable global network. Mastercard: The Perfect Hedge Against Currency Debasement And Inflation
• Neutral Sentiment: Mastercard’s upcoming conference appearances keep management visible to investors, but these events are unlikely to move the stock on their own. Mastercard to Participate in Upcoming Investor Conferences
• Neutral Sentiment: The company also presented at Bernstein’s Strategic Decisions Conference, which may offer strategic updates but does not appear to include a major new catalyst. Mastercard Incorporated (MA) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.