BLI Banque de Luxembourg Investments Sells 21,273 Shares of Mastercard Incorporated $MA

BLI Banque de Luxembourg Investments cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 13.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 135,087 shares of the credit services provider’s stock after selling 21,273 shares during the quarter. Mastercard makes up 2.3% of BLI Banque de Luxembourg Investments’ portfolio, making the stock its 9th biggest position. BLI Banque de Luxembourg Investments’ holdings in Mastercard were worth $78,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares during the last quarter. Tacita Capital Inc increased its stake in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its stake in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC increased its stake in shares of Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares during the last quarter. Finally, Birchbrook Inc. bought a new stake in shares of Mastercard in the 4th quarter valued at about $37,000. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Down 1.2%

NYSE MA opened at $484.94 on Tuesday. The company has a market cap of $428.49 billion, a PE ratio of 28.06, a PEG ratio of 1.53 and a beta of 0.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The stock has a 50 day moving average of $499.50 and a 200-day moving average of $524.72.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’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 firm posted $3.73 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BMO Capital Markets initiated coverage on Mastercard in a research note on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price for the company. Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Tigress Financial increased their target price on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 13th. TD Cowen reissued a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, Royal Bank Of Canada lowered their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $656.04.

About Mastercard

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.