What should you know before buying stock in Visa Inc (V)

Visa Inc (NYSE: V) is 6.18% higher on its value in year-to-date trading and has touched a low of $208.76 and a high of $279.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The V stock was last observed hovering at around $275.78 in the last trading session, with the day’s gains setting it 0.65%.

Currently trading at $276.43, the stock is 1.64% and 4.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.62 million and changing 0.24% at the moment leaves the stock 13.60% off its SMA200. V registered 20.08% gain for a year compared to 6-month gain of 15.10%. The firm has a 50-day simple moving average (SMA 50) of $17.09 and a 200-day simple moving average (SMA200) of $23.99.

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The stock witnessed a 4.49% loss in the last 1 month and extending the period to 3 months gives it a 13.33%, and is -0.27% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.14% over the week and 1.29% over the month.

Visa Inc (V) has around Feb 08 2024 employees, a market worth around $554.67B and $33.35B in sales. Current P/E ratio is 32.32 and Fwd P/E is 24.76. Profit margin for the company is 53.07%. Distance from 52-week low is 32.42% and -1.27% from its 52-week high. The company has generated returns on investments over the last 12 months (29.29%).

Visa Inc quarterly earnings per share for the current quarter are estimated at $2.44 with sales reaching $8.63B over the same period.The EPS is expected to grow by 13.14% this year, but quarterly earnings will post 20.40% year-over-year.

Visa Inc (V) Top Institutional Holders

4,759 institutions hold shares in Visa Inc (V), with institutional investors hold 98.45% of the company’s shares. The shares outstanding are 1.59B, and float is at 1.58B with Short Float at 2.14%. Institutions hold 97.82% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 141.52 million shares valued at $33.61 billion. The investor’s holdings represent 8.81% of the V Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 126.91 million shares valued at $30.14 billion to account for 7.90% of the shares outstanding. The other top investors are State Street Corporation which holds 74.13 million shares representing 4.61% and valued at over $17.61 billion, while Morgan Stanley holds 3.11% of the shares totaling 49.98 million with a market value of $11.87 billion.

Visa Inc (V) Insider Activity

A total of 12 insider transactions have happened at Visa Inc (V) in the last six months, with sales accounting for 6 and purchases happening 6 times. The most recent transaction is an insider sale by ANDRESKI PETER M ,the company’sGBL CORP CONTROLLER, CAO. SEC filings show that ANDRESKI PETER M sold 2,615 shares of the company’s common stock on Feb 07 at a price of $278.88 per share for a total of $0.73 million. Following the sale, the insider now owns 4898.0 shares.

Visa Inc disclosed in a document filed with the SEC on Feb 01 that MCINERNEY RYAN (Chief Executive Officer) sold a total of 8,150 shares of the company’s common stock. The trade occurred on Feb 01 and was made at $273.39 per share for $2.23 million. Following the transaction, the insider now directly holds 0.0 shares of the V stock.

Still, SEC filings show that on Jan 19, Taneja Rajat (PRESIDENT, TECHNOLOGY) disposed off 36,546 shares at an average price of $270.20 for $9.87 million. The insider now directly holds 232,112 shares of Visa Inc (V).

Visa Inc (V): Who are the competitors?

The company’s main competitors (and peers) include JPMorgan Chase & Co. (JPM) that is trading 22.75% up over the past 12 months. Bank of America Corp. (BAC) that is -7.24% lower over the same period.