Stocks
Visa Stake Boosted by Nwam LLC as Hedge Funds Flock
Nwam LLC increased its stake in Visa Inc. by 35.5% in the second quarter, acquiring an additional 3,045 shares.
The institutional investor now owns 11,631 shares of Visa's stock, valued at $3,991,000 as of its most recent filing with the Securities & Exchange Commission.
This is not an isolated incident, as other hedge funds have also modified their holdings in Visa. XXEC Inc., for example, lifted its holdings by 153,118.8% in the second quarter, acquiring 186,260,448 shares of Visa's stock valued at $63,904,097,000.
The market capitalization of Visa is now $676.60 billion, with a P/E ratio of 32.24 and a P/E/G ratio of 2.04.