Today’s Short Interest Alert: Visa Incorporated (NYSE:V) Could Burn Your Long Portfolio After More Shorts

November 18, 2016 - By Marguerite Chambers   ·   0 Comments

Today's Short Interest Alert: Visa Incorporated (NYSE:V) Could Burn Your Long Portfolio After More Shorts

The stock of Visa Incorporated (NYSE:V) registered an increase of 4.07% in short interest. V’s total short interest was 54.21 million shares in November as published by FINRA. Its up 4.07% from 52.08 million shares, reported previously. With 9.00 million shares average volume, it will take short sellers 6 days to cover their V’s short positions. The short interest to Visa Incorporated’s float is 2.89%. About 3.31 million shares traded hands. Visa Inc (NYSE:V) has declined 0.47% since April 18, 2016 and is downtrending. It has underperformed by 4.90% the S&P500.

Visa Inc. is a payments technology company. The company has a market cap of $193.57 billion. The Firm and its subsidiaries, including Visa U.S.A. It has a 39.24 P/E ratio. Inc. , Visa International Service Association (Visa International), Visa Worldwide Pte.

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.06, from 0.99 in 2016Q1. The ratio dived, as 54 funds sold all Visa Inc shares owned while 562 reduced positions. 108 funds bought stakes while 500 increased positions. They now own 1.67 billion shares or 5.23% less from 1.76 billion shares in 2016Q1.
Locust Wood Cap Advisers Ltd holds 1.89% of its portfolio in Visa Inc (NYSE:V) for 227,630 shares. Lincoln National Corporation, a Pennsylvania-based fund reported 16,343 shares. Wesbanco Bank Inc accumulated 12,378 shares or 0.05% of the stock. Polen Ltd reported 8.07M shares or 7.59% of all its holdings. Gluskin Sheff & Assocs owns 292,600 shares or 1.88% of their US portfolio. Pitcairn Company holds 0.94% of its portfolio in Visa Inc (NYSE:V) for 98,901 shares. Whittier Of Nevada holds 0.9% or 106,248 shares in its portfolio. Argentus Management Ltd accumulated 0.32% or 10,006 shares. Invest Of Virginia Ltd Llc holds 26,852 shares or 0.51% of its portfolio. Gamble Jones Counsel reported 76,220 shares or 0.62% of all its holdings. West Coast Financial Ltd Liability Corp last reported 6,104 shares in the company. Moreover, Atlantic Gru Llc has 0.87% invested in Visa Inc (NYSE:V) for 1.61M shares. Bankshares Of Stockton reported 28,853 shares or 1.14% of all its holdings. The Massachusetts-based Congress Asset Mgmt Ma has invested 1.41% in Visa Inc (NYSE:V). Spirit Of America Corporation New York last reported 0.2% of its portfolio in the stock.

Insider Transactions: Since October 28, 2016, the stock had 0 insider purchases, and 2 insider sales for $65.42 million net activity. SCHARF CHARLES W sold 772,912 shares worth $63.88 million. 18,500 shares with value of $1.53M were sold by MCINERNEY RYAN on Tuesday, November 8.

Visa Inc (NYSE:V) Ratings Coverage

Out of 21 analysts covering Visa Inc. (NYSE:V), 14 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. Visa Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Monday, May 16, the company rating was maintained by Barclays Capital. The stock of Visa Inc (NYSE:V) earned “Overweight” rating by JP Morgan on Monday, June 6. On Tuesday, October 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. JP Morgan maintained the shares of V in a report on Friday, August 14 with “Overweight” rating. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, July 24. The stock has “Neutral” rating given by Compass Point on Friday, April 15. Vetr upgraded it to “Hold” rating and $75.69 target price in Tuesday, September 1 report. The rating was maintained by Bernstein with “Outperform” on Wednesday, August 12. UBS initiated the shares of V in a report on Wednesday, December 16 with “Buy” rating. The firm earned “Outperform” rating on Monday, October 19 by Oppenheimer.

V Company Profile

Visa Inc., incorporated on May 25, 2007, is a payments technology company. The Firm and its subsidiaries, including Visa U.S.A. Inc. (Visa U.S.A.), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world. The Firm also offers fraud protection for account holders and rapid payment for merchants. The Firm provides its services to consumers, businesses, financial institutions and governments in over 200 countries and territories for electronic payments. The Firm provides a range of payment solutions that support payment products that issuers can offer to their account holders, including pay now with debit, pay ahead with prepaid or pay later with credit products. It also offers a suite of digital, e-commerce, person-to-person payments, and mobile services and products. These services facilitate transactions on its network among account holders, merchants, financial institutions and governments.

More news for Visa Inc (NYSE:V) were recently published by: Fool.com, which released: “Better Buy: Visa Inc. vs. American Express” on October 31, 2016. Fool.com‘s article titled: “Visa Inc. Earnings Surge 28%” and published on October 26, 2016 is yet another important article.

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By Marguerite Chambers


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