Bluedoor Private Wealth LLC Buys Shares of 6,952 Mastercard Incorporated $MA

Bluedoor Private Wealth LLC bought a new stake in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,952 shares of the credit services provider’s stock, valued at approximately $3,969,000. Mastercard makes up approximately 1.8% of Bluedoor Private Wealth LLC’s holdings, making the stock its 17th largest holding.

A number of other hedge funds have also modified their holdings of MA. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in Mastercard by 8.5% during 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 boosted its position in Mastercard by 6.5% during 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 boosted its position in Mastercard by 35.8% during 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 acquired a new stake in Mastercard during the second quarter worth approximately $431,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.1%

Shares of MA opened at $490.47 on Tuesday. The firm has a market cap of $433.37 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The company’s fifty day moving average is $499.25 and its two-hundred day moving average is $523.09. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. UBS Group decreased their target price on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Raymond James Financial set a $609.00 target price on shares of Mastercard in a research report on Friday, May 1st. TD Cowen restated a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, Bank of America assumed coverage on shares of Mastercard in a research report on Thursday, March 5th. They set a “buy” rating and a $700.00 target price on the stock. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $656.04.

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.