5 Stocks to Sell According to Billionaire James Dinan

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 156

Mastercard Incorporated (NYSE:MA) primarily functions as a technology company that provides transaction processing and other payment-related products and services in the United States and internationally. Mastercard Incorporated (NYSE:MA) was founded in 1966 and is based in New York.

On November 15, Mizuho analyst Dan Dolev raised his price target on Mastercard Incorporated (NYSE:MA) from $450 to $465 and reiterated a Buy rating on the shares.

By the end of the second quarter of 2021, Mr. Dinan’s owned a little over 9000 shares of Mastercard Incorporated (NYSE:MA) which were worth $3.42 million and accounted for 0.38% of York Capital Management’s 13F portfolio. Other than York Capital Management, there were 155 other hedge funds present in Insider Monkey’s database that held stakes of $17.09 billion in the company.

However, in the third quarter, Dinan exited Mastercard by selling his entire stake in the company.

L1 Capital, an investment management firm, published its ‘L1 Capital International Fund’ third quarter 2021 investor letter in which it shared its view on whether or not Mastercard Incorporated (NYSE:MA) is a smart long-term investment. Here’s what the firm thinks:

“Mastercard returned to top 10. We have held Mastercard since inception of the Fund. Over the 6 weeks to 30 September 2021, Mastercard’s share price retreated 10% and we took advantage of what we believe will be a short-term pullback in the share price to add to our investment. Recent weakness in Mastercard’s share price is most likely due to concerns about disintermediation and other pressures caused by growth in ‘Buy now, Pay later’ and other new payment offerings, as well a general market rotation away from higher growth companies in favour of more cyclical businesses.”