V (Visa Inc.) may reap gains as insiders became active recently


Visa Inc.’s filing revealed that its EXECUTIVE CHAIRMAN KELLY ALFRED F JR unloaded Company’s shares for reported $12.99 million on Mar 06. In the deal valued at $223.99 per share,58,000 shares were sold. As a result of this transaction, KELLY ALFRED F JR now holds 162,354 shares worth roughly $ 34.82 million.

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Then, ROTTENBERG JULIE B sold 13,394 shares, generating $2,933,286 in total proceeds. Upon selling the shares at $219.00, the GENERAL COUNSEL now owns 4,583 shares.

Before that, Taneja Rajat sold 61,721 shares. Visa Inc. shares valued at $14,190,997 were divested by the PRESIDENT, TECHNOLOGY at a price of $229.92 per share. As a result of the transaction, Taneja Rajat now holds 232,112 shares, worth roughly $49.78 million.

KeyBanc Capital Markets upgraded its Visa Inc. [V] rating to an Overweight from a a Sector weight in a research note published on Monday. PT values the company’s stock at a premium of -2.13 to its Monday closing price. A number of analysts have revised their coverage, including Redburn’s analysts, who began to cover the stock in late November with a ‘”a Sell”‘ rating. Deutsche Bank also remained covering V and reiterated its “Buy” recommendation on October 13, 2022. Daiwa Securities revised its rating on August 16, 2022. It rated V as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of V

On Monday, Visa Inc. [NYSE:V] saw its stock fall -0.77% to $214.47. On the same session, the stock had its day’s lowest price of $212.50, but rose to a high of $217.85. Over the last five days, the stock has lost -5.42%. Visa Inc. shares have risen nearly 3.23% since the year began. Nevertheless, the stocks have risen 8.33% over the past one year. While a 52-week high of $234.30 was reached on 02/02/23, a 52-week low of $174.60 was recorded on 01/03/23. SMA at 50 days reached $222.58, while 200 days put it at $207.56. A total of 6.81 million shares were traded, compared to the trading of 6.64 million shares in the previous session.

Levels Of Support And Resistance For V Stock

The 24-hour chart illustrates a support level at 212.03, which if violated will result in even more drops to 209.59. On the upside, there is a resistance level at 217.38. A further resistance level may holdings at 220.29. The Relative Strength Index (RSI) on the 14-day chart is 35.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.79%. Stochastics %K at 17.11% indicates the stock is a buying.

How much short interest is there in Visa Inc.?

A steep rise in short interest was recorded in Visa Inc. stocks on Jan 12, 2023, dropping by 40000.0 shares to a total of 32.51 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 32.55 million shares. There was a decline of -0.12%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.00% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.27.

Visa Inc. [V] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 140,484,264 shares, or roughly 8.63% of the outstanding V shares. In other words, the investor’s shares have risen by 2,013,408 from its previous 13-F filing of 138470856.0. Additionally, BlackRock Fund Advisors increased 1.61% of its stake after which the total value it holdings stand at $17,185,118,131, while SSgA Funds Management, Inc. reduced -0.25% of its stake to hold $15.47 billion in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 2,216,275 shares of Visa Inc., while Fidelity Management & Research Co bought -329,954 shares. At present, Geode Capital Management LLC is holding 32,221,146 shares valued at $7.09 billion. AllianceBernstein LP owned 26,184,849 shares of the company at the time of its most recent 13F filing, worth $5.76 billion.

According to FactSet, Visa Inc.’s share price will average $264.62 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.61 percent from its previous closing price of $216.14. Analysts expect Visa Inc. stock to reach the higher price of $293.00, while the lowest price estimate is $237.00. However, 36 analysts have rated V stock as a Buy in their predictions for 2023. The most recent change occurred on May 18, 2022 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $282 price target.


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