Aster Capital Management DIFC Ltd boosted its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 626.1% in the 4th quarter, Holdings Channel reports. The firm owned 2,309 shares of the credit services provider’s stock after buying an additional 1,991 shares during the period. Mastercard makes up approximately 0.6% of Aster Capital Management DIFC Ltd’s portfolio, making the stock its 25th largest holding. Aster Capital Management DIFC Ltd’s holdings in Mastercard were worth $1,318,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its stake in Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the last quarter. Birchbrook Inc. acquired a new stake in Mastercard during the fourth quarter valued at approximately $37,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at approximately $37,000. 97.28% of the stock is owned by institutional investors and hedge funds.
Mastercard Stock Up 0.1%
Shares of NYSE:MA opened at $490.47 on Tuesday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The company 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. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The firm has a 50 day simple moving average of $499.25 and a 200 day simple moving average of $523.09.
Analysts Set New Price Targets
Several equities research analysts recently commented on MA shares. Royal Bank Of Canada reduced their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Truist Financial reduced their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target for the company in a research report on Thursday, March 19th. Loop Capital restated a “buy” rating and issued a $631.00 price target on shares of Mastercard in a research report on Wednesday, June 3rd. Finally, Bank of America started coverage on shares of Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target for the company. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mastercard has an average rating of “Buy” and an average price target of $656.04.
View Our Latest Stock Analysis on MA
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.
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