Visa Institutional Investor Positions See Significant Shifts
49 Wealth Management LLC significantly reduced its stake in Visa Inc. (NYSE: V) by selling 5,540 shares in the second quarter. This decrease represents an 88.3% reduction from their previous holdings. At the end of the most recent quarter, the fund owned 732 shares worth $251,000.
Other institutional investors and hedge funds have also made changes to their positions in V. G&S Capital LLC increased its stake by 4.0% during the second quarter, while Keating Financial Advisory Services Inc. boosted its position by 0.9%. NerdWallet Wealth Partners LLC and Frederick Financial Consultants LLC also raised their holdings in Visa.
The market value of Visa's shares has seen a slight increase, with the stock trading at $381.66 on Friday. The company's price-to-earnings ratio is 32.45, and its beta is 0.74.