Formuepleje A S Trims Stake in Visa Inc.
Formuepleje A S, a financial institution, has reduced its stake in Visa Inc. (NYSE:V) by 6.3% during the second quarter. The company's holdings in Visa now comprise 5.0% of Formuepleje A S's investment portfolio.
The firm owned 185,158 shares of Visa after selling 12,540 shares during the period. These shares are worth $63,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC). This makes Visa one of Formuepleje A S's largest positions.
Visa Inc. is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions, and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing, and settlement services for credit, debit, and prepaid card transactions.
According to MarketBeat, Visa has a 50-day moving average of $363.63 and a 200 day moving average of $333.40. The company has a market cap of $668.20 billion, a P/E ratio of 31.84, a PEG ratio of 2.01, and a beta of 0.76.