Rakuten Investment Management Inc. Purchases 103,588 Shares of Mastercard Incorporated $MA

Rakuten Investment Management Inc. raised its position in Mastercard Incorporated (NYSE:MA) by 1,833.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,239 shares of the credit services provider’s stock after acquiring an additional 103,588 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Mastercard were worth $63,129,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the period. Schnieders Capital Management LLC. raised its stake in Mastercard by 8.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares during the period. Betterment LLC raised its stake in Mastercard by 6.5% during the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares during the period. Worldquant Millennium Advisors LLC raised its stake in Mastercard by 35.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in Mastercard during the 2nd quarter valued at approximately $431,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MA. UBS Group decreased their target price on Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Royal Bank Of Canada decreased their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. 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 on the stock. Loop Capital restated a “buy” rating and set a $631.00 price target on shares of Mastercard in a report on Wednesday, June 3rd. Finally, TD Cowen restated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Six investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $656.04.

Mastercard Price Performance

Shares of Mastercard stock opened at $490.47 on Tuesday. The stock has a market cap of $433.37 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. 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 stock has a 50 day moving average price of $499.25 and a 200-day moving average price of $523.09. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77.

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

Mastercard 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.