Nan Shan Life Insurance Co. Ltd. Boosts Stock Holdings in Mastercard Incorporated (NYSE:MA)

Nan Shan Life Insurance Co. Ltd. grew its position in Mastercard Incorporated (NYSE:MA) by 65.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,327 shares of the credit services provider’s stock after acquiring an additional 35,785 shares during the quarter. Mastercard comprises 1.1% of Nan Shan Life Insurance Co. Ltd.’s holdings, making the stock its 28th largest position. Nan Shan Life Insurance Co. Ltd.’s holdings in Mastercard were worth $47,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MA. Whalerock Point Partners LLC boosted its holdings in Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after purchasing an additional 185 shares during the last quarter. Dock Street Asset Management Inc. raised its position in Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock valued at $35,932,000 after purchasing an additional 2,931 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock valued at $37,841,000 after purchasing an additional 1,194 shares during the last quarter. Courier Capital LLC purchased a new position in shares of Mastercard during the 4th quarter worth $3,867,000. Finally, Avestar Capital LLC increased its position in shares of Mastercard by 10.9% during the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock worth $2,955,000 after purchasing an additional 550 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

MA has been the subject of several research analyst reports. Macquarie lowered their target price on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a report on Friday, January 31st. The Goldman Sachs Group restated a “buy” rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Finally, KeyCorp raised their target price on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $606.25.

Mastercard Stock Performance

Shares of MA opened at $576.46 on Wednesday. The company has a market capitalization of $525.56 billion, a PE ratio of 41.50, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.86. The company has a 50-day simple moving average of $533.09 and a 200-day simple moving average of $534.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the firm earned $3.31 EPS. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.