Parkwood LLC grew its position in shares of Visa Inc (NYSE:V) by 78.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,841 shares of the credit-card processor’s stock after acquiring an additional 60,039 shares during the quarter. Visa comprises about 2.9% of Parkwood LLC’s investment portfolio, making the stock its 5th largest holding. Parkwood LLC’s holdings in Visa were worth $18,125,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cascade Investment Advisors Inc. acquired a new position in shares of Visa during the second quarter valued at $132,000. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Visa by 36.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock valued at $180,000 after acquiring an additional 365 shares during the period. Quad Cities Investment Group LLC acquired a new position in shares of Visa during the second quarter valued at $186,000. Landaas & Co. WI ADV acquired a new position in shares of Visa during the second quarter valued at $189,000. Finally, Kiley Juergens Wealth Management LLC acquired a new stake in Visa in the second quarter worth about $191,000. 80.18% of the stock is owned by institutional investors.
Shares of Visa stock opened at $140.06 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. Visa Inc has a 52 week low of $106.60 and a 52 week high of $151.56. The stock has a market capitalization of $305.32 billion, a price-to-earnings ratio of 40.25, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06.
Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 EPS for the quarter, topping the consensus estimate of $1.09 by $0.11. Visa had a net margin of 47.91% and a return on equity of 36.09%. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the previous year, the business earned $0.86 earnings per share. Visa’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, analysts predict that Visa Inc will post 4.59 earnings per share for the current year.
V has been the subject of several research analyst reports. Morgan Stanley raised shares of Visa to an “overweight” rating in a report on Monday, July 23rd. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Tuesday, September 25th. Wells Fargo & Co upped their price objective on shares of Visa from $143.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, July 12th. Goldman Sachs Group downgraded shares of Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 price objective for the company. in a report on Monday, September 17th. Finally, Bank of America reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Visa in a report on Monday, September 17th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Visa presently has a consensus rating of “Buy” and a consensus price target of $153.97.
In other Visa news, SVP James H. Hoffmeister sold 6,912 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $140.01, for a total transaction of $967,749.12. Following the sale, the senior vice president now owns 6,912 shares in the company, valued at approximately $967,749.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Vasant M. Prabhu sold 25,064 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total value of $3,522,995.84. Following the sale, the chief financial officer now owns 58,232 shares in the company, valued at approximately $8,185,089.92. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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