Howard Hughes Medical Institute Has $5.79 Million Holdings in Visa Inc (V)

Howard Hughes Medical Institute lessened its stake in shares of Visa Inc (NYSE:V) by 64.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,000 shares of the credit-card processor’s stock after selling 99,813 shares during the quarter. Visa comprises about 1.4% of Howard Hughes Medical Institute’s investment portfolio, making the stock its 13th biggest position. Howard Hughes Medical Institute’s holdings in Visa were worth $5,788,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Cordasco Financial Network acquired a new stake in shares of Visa during the third quarter worth $105,000. Motco boosted its holdings in shares of Visa by 25.1% during the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after purchasing an additional 236 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in shares of Visa during the second quarter worth $115,000. Mascoma Wealth Management LLC acquired a new stake in shares of Visa during the second quarter worth $122,000. Finally, MPS Loria Financial Planners LLC acquired a new stake in shares of Visa during the second quarter worth $123,000. Hedge funds and other institutional investors own 81.50% of the company’s stock.

In other news, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the sale, the senior vice president now directly owns 687 shares of the company’s stock, valued at $77,005.83. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the sale, the executive vice president now directly owns 76,202 shares in the company, valued at $8,661,119.32. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock worth $6,597,262 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

Several research firms have recently issued reports on V. Wells Fargo & Co upgraded Visa from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $107.01 to $120.00 in a report on Tuesday, October 10th. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Cantor Fitzgerald started coverage on Visa in a report on Thursday, September 28th. They issued an “overweight” rating and a $120.00 target price on the stock. Vetr cut Visa from a “buy” rating to a “hold” rating and set a $121.05 target price on the stock. in a report on Monday, January 8th. Finally, Buckingham Research lifted their target price on Visa from $129.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Four analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $122.03.

Visa Inc (NYSE V) opened at $120.09 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90. Visa Inc has a 52-week low of $80.76 and a 52-week high of $120.48. The company has a market capitalization of $272,150.00, a PE ratio of 42.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period last year, the company posted $0.78 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. equities research analysts anticipate that Visa Inc will post 4.07 EPS for the current fiscal year.

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Visa Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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