Mastercard Incorporated (MA) recently reported a significant
3.4% increase in Black Friday sales and a notable
14.6% surge in e-commerce. Various highly reputed financial institutions and investment firms such as
Point72 Europe London LLP, Hantz Financial Services Inc., Rockefeller Capital Management L.P., and others, have adjusted their holdings in Mastercard, with both purchases and sales reported.
Mastercard's stock has hit a new 12-month high, with promising returns over the past five years. The investor interest towards Mastercard continues to increase, making it one of the most popularly held stocks by hedge funds. Even major firms like
BNP Paribas, Fmr LLC, and
Zurcher Kantonalbank Zurich Cantonalbank have increased their stakes. Mastercard's strong performance, ongoing strategic partnerships, and bullish sentiment among hedge funds are contributing to its higher reach. Furthermore, Mastercard is a prominent part of several key portfolios, including those of billionaire Ken Griffin and global investment firm Goldman Sachs, and is also viewed positively by financial television host Jim Cramer, who dubbed it 'the greatest fintech in the world'. Future expectations for Mastercard remain positive, with the company expected to see slower, but continual, revenue growth through 2027 while setting ambitious objectives for 2025.
Mastercard Incorporated MA News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 30 Nov 2024 18:37:00 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 3
