Visa Inc. (NYSE:V) is on recovery track with 39.44% gain from a 1-year low price of $121.6. The company lost -0.06% to attain the price of $169.56 on 6/17/2019. Throughout the recent session, the prices were hovering between $169.03 and $170.42. These shares are 7.04% off its target price of $181.49 and the current market capitalization stands at $369.88B. The recent change has given its price a 4.35% lead over SMA 50 and -1.53% deficit over its 52-week high. The stock witnessed 2.84% gains, 9.42% gains and 23.28% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found V’s volatility during a week at 1.46% and during a month it has been found around 1.56%.
What Does Visa Inc. (V) Do?
The company describes itself in regulatory filings as, “Visa, Inc. engages in the provision of payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1970 and is headquartered in San Francisco, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/V/profile under company description.]Visa Inc. (V) Top Holders
Institutional investors currently hold around $277.7 billion or 96.2% in V stock. Look at its top three institutional owners: Vanguard Group Inc owns $24.66 billion in Visa Inc., which represents roughly 6.67% of the company’s market cap and approximately 8.88% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 121,017,808 shares of the stock are valued at $20.53 billion. The third largest holder is Fmr Llc, which currently holds $15.65 billion worth of this stock and that ownership represents nearly 4.23% of its market capitalization.
At the end of March reporting period, 1,120 institutional holders increased their position in Visa Inc. (NYSE:V) by some 66,663,114 shares, 1,049 decreased positions by 56,828,259 and 271 held positions by 1,513,000,000. That puts total institutional holdings at 1,637,000,000 shares, according to SEC filings. The stock grabbed 164 new institutional investments totaling 3,624,058 shares while 85 institutional investors sold out their entire positions totaling 6,374,111 shares.Visa Inc. (NYSE:V) Insider Trades
Multiple company employees have indulged in significant insider trading. Visa Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, THE STRATEGY GROUP Sheedy William M. has sold 75,676 shares of Visa Inc. (V) in the trading session dated Apr. 30, 2019. These shares are worth $12,504,702 and were traded at $165.24 each. The SEC filing shows that MAHON TULLIER KELLY performed a sale of 91,046 shares. The EVP, GENERAL COUNSEL disposed these shares by way of transaction on Mar. 15, 2019. The company’s shares were given away at $156.29 per share worth to an income of some $14,229,579 to the account of MAHON TULLIER KELLY.
SVP, GBL CORP CONTRL & CAO, HOFFMEISTER JAMES H, sold 6,480 common shares of Visa Inc. (V) in the open market. In a transaction dated Mar. 12, 2019, the shares were put up for sale at an average price of $151, raking in a sum of $978,480. After this sale, common shares of V are directly owned by the insider, with total stake valued at $.
In the transaction dated Mar. 11, 2019, a great number of shares sold came courtesy the EVP, CHIEF MRKTNG & COMM OFF; Biggar Lynne disposed a total of 15,000 shares at an average price of $150, amounting to approximately $2,250,000. The insider now directly owns 7,294 shares worth $1,236,771.Visa Inc. (V) Analyst Guide
Several analysts have released their opinion on Visa Inc. (NYSE:V), with 18 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 18 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.62 average brokerage recommendation [T1].