752 Shares in Visa Inc. (NYSE:V) Acquired by Tarbox Family Office Inc.

Tarbox Family Office Inc. purchased a new position in Visa Inc. (NYSE:V) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 752 shares of the credit-card processor’s stock, valued at approximately $207,000.

Other large investors have also made changes to their positions in the company. Trifecta Capital Advisors LLC raised its position in shares of Visa by 1.8% in the 1st quarter. Trifecta Capital Advisors LLC now owns 21,122 shares of the credit-card processor’s stock valued at $5,895,000 after purchasing an additional 376 shares during the last quarter. Criterion Capital Advisors LLC raised its holdings in shares of Visa by 2.1% in the first quarter. Criterion Capital Advisors LLC now owns 9,398 shares of the credit-card processor’s stock worth $2,623,000 after buying an additional 189 shares during the last quarter. Griffin Asset Management Inc. lifted its stake in shares of Visa by 8.6% during the first quarter. Griffin Asset Management Inc. now owns 50,236 shares of the credit-card processor’s stock worth $14,020,000 after buying an additional 3,978 shares during the period. WoodTrust Financial Corp grew its holdings in shares of Visa by 5.3% during the first quarter. WoodTrust Financial Corp now owns 3,685 shares of the credit-card processor’s stock valued at $1,028,000 after buying an additional 185 shares during the last quarter. Finally, Grimes & Company Inc. increased its position in shares of Visa by 2.1% in the 1st quarter. Grimes & Company Inc. now owns 66,331 shares of the credit-card processor’s stock valued at $18,512,000 after acquiring an additional 1,336 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Price Performance

Shares of Visa stock opened at $281.73 on Friday. The stock has a market capitalization of $515.27 billion, a P/E ratio of 31.48, a PEG ratio of 1.96 and a beta of 0.96. The business has a 50 day simple moving average of $279.02 and a two-hundred day simple moving average of $273.17. Visa Inc. has a 12 month low of $228.03 and a 12 month high of $293.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Wall Street Analyst Weigh In

Several research firms have weighed in on V. Citigroup dropped their price target on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Macquarie reiterated an “outperform” rating and issued a $300.00 price target on shares of Visa in a report on Friday, September 27th. Morgan Stanley restated an “overweight” rating and set a $322.00 price objective on shares of Visa in a research note on Wednesday, September 25th. BMO Capital Markets increased their price objective on shares of Visa from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group decreased their target price on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.19.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.