Blue Edge Capital Snaps Up $6.9M Worth of Visa Inc. Shares

Blue Edge Capital LLC recently acquired 19,991 shares of Visa Inc. (NYSE:V) worth approximately $6,859,000 during the second quarter, according to a recent SEC filing.

This is not an isolated case, as several other hedge funds and institutional investors have also increased their stakes in V over the past few quarters. Brighton Jones LLC boosted its stake by 50.1% in Q4, while Revolve Wealth Partners LLC saw a 68.9% increase in the same period.

Visa's stock has been performing well, with a 52-week high of $385.57 and a current market cap of $676.72 billion. The company's revenue grew by 14.4% year-over-year in Q2, beating analyst estimates of $11.40 billion.