52,000 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Oribel Capital Management LP

Oribel Capital Management LP bought a new position in Mastercard Incorporated (NYSE:MA) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 52,000 shares of the credit services provider’s stock, valued at approximately $5,849,000. Mastercard comprises about 1.0% of Oribel Capital Management LP’s portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Lipe & Dalton bought a new stake in shares of Mastercard during the first quarter worth approximately $101,000. Kistler Tiffany Companies LLC raised its stake in shares of Mastercard by 10.9% during the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after buying an additional 100 shares during the last quarter. First Bank & Trust raised its stake in shares of Mastercard by 14.5% during the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after buying an additional 165 shares during the last quarter. Tarbox Group Inc. raised its stake in shares of Mastercard by 323.8% during the first quarter. Tarbox Group Inc. now owns 1,352 shares of the credit services provider’s stock worth $152,000 after buying an additional 1,033 shares during the last quarter. Finally, Welch Group LLC raised its stake in shares of Mastercard by 1.2% during the first quarter. Welch Group LLC now owns 1,625 shares of the credit services provider’s stock worth $183,000 after buying an additional 20 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

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In other news, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the transaction, the insider now directly owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 850,468 shares of company stock valued at $109,574,694. Company insiders own 0.30% of the company’s stock.

A number of research analysts recently issued reports on the stock. Wedbush restated a “buy” rating and set a $140.00 price objective (up previously from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. BidaskClub cut shares of Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $158.00 price objective (up previously from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Barclays PLC boosted their price objective on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Finally, Instinet reissued a “buy” rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and a consensus target price of $138.43.

Mastercard Incorporated (NYSE:MA) opened at 141.58 on Friday. The firm has a market capitalization of $150.77 billion, a P/E ratio of 35.13 and a beta of 1.18. The company has a 50 day moving average of $133.09 and a 200 day moving average of $122.02. Mastercard Incorporated has a 1-year low of $99.42 and a 1-year high of $143.52.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post $4.43 earnings per share for the current year.

About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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