Goldstein Advisors LLC Raises Holdings in Visa Inc. (NYSE:V)

Goldstein Advisors LLC increased its position in shares of Visa Inc. (NYSE:V) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,384 shares of the credit-card processor’s stock after purchasing an additional 84 shares during the quarter. Goldstein Advisors LLC’s holdings in Visa were worth $655,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Atticus Wealth Management LLC boosted its stake in Visa by 3.1% during the first quarter. Atticus Wealth Management LLC now owns 3,930 shares of the credit-card processor’s stock worth $1,097,000 after buying an additional 120 shares during the last quarter. Founders Financial Securities LLC boosted its stake in Visa by 4.0% during the first quarter. Founders Financial Securities LLC now owns 13,277 shares of the credit-card processor’s stock worth $3,705,000 after buying an additional 508 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in Visa by 14.5% during the first quarter. New Mexico Educational Retirement Board now owns 96,434 shares of the credit-card processor’s stock worth $26,913,000 after buying an additional 12,200 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in Visa by 3.8% during the first quarter. Physician Wealth Advisors Inc. now owns 2,238 shares of the credit-card processor’s stock worth $607,000 after buying an additional 81 shares during the last quarter. Finally, Cornerstone Wealth Group LLC lifted its stake in shares of Visa by 12.2% in the 1st quarter. Cornerstone Wealth Group LLC now owns 36,321 shares of the credit-card processor’s stock valued at $10,136,000 after purchasing an additional 3,936 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

NYSE:V opened at $281.73 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $279.02 and a two-hundred day moving average price of $273.16. Visa Inc. has a twelve month low of $228.03 and a twelve month high of $293.07. The company has a market capitalization of $513.40 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Compass Point initiated coverage on Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective on the stock. Oppenheimer initiated coverage on Visa in a research note on Tuesday, October 1st. They set an “outperform” rating and a $318.00 price target on the stock. Robert W. Baird increased their price objective on Visa from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $314.19.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.