Insiders Are Dumping These 5 Financial Stocks

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1. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Investors: 141

Mastercard Incorporated (NYSE:MA) is one of the financial stocks that recently saw insider selling activity. Mastercard Incorporated (NYSE:MA) CEO Michael Miebach on March 15 sold 7,850 shares of Mastercard Incorporated (NYSE:MA) at $475.46 per share. Since then through March 26 the stock price is almost flat.

Mastercard Incorporated (NYSE:MA) is one of the most popular stocks among the elite hedge funds tracked by Insider Monkey. As of the end of the fourth quarter of 2023, 141 hedge funds had stakes in Mastercard Incorporated (NYSE:MA).

Ensemble Capital Management stated the following regarding Mastercard Incorporated (NYSE:MA) in its fourth quarter 2023 investor letter:

Mastercard Incorporated (NYSE:MA) (7.21% weight in the Fund): Payment companies are data companies. As we discussed last quarter in our write up of Mastercard, merchants can generate significant value from analyzing payment data to better understand their customers. Mastercard has long built AI-based products to enhance payment security and provide merchants with rich data analytics. In December, they rolled out Muse, a new online shopping companion that merchants who utilize certain Mastercard services can install on their own websites.

Muse seeks to replicate the instore experience of working with a salesclerk by allowing the customer to use natural language to browse products. Online shopping already works well if you know exactly what you are looking for, but Muse is striving to help customers find things to buy even when they aren’t sure what they are looking for.

Mastercard (7.21% weight in the Fund): In late October, Mastercard reported earnings that investors interpreted as pointing to a near term slowdown in payment growth. The stock fell 5.6% on the day. By the end of the next week, the stock had recovered its losses and went on to reach a new all time high on the last day of the year. But the 7.9% gain on the quarter slightly trailed the S&P 500.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Billionaire Investor Stan Druckenmiller and Insiders Are Piling Into These 11 Stocks and the 16 Best Financial Stocks To Buy According to Hedge Funds.

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