5 Best Blue Chip Stocks To Buy

2. Visa Inc. (NYSE:V)

No. of Hedge Fund Holders: 166

Visa Inc. (NYSE:V) is a financial services company that enables global electronic financial transfers, most frequently through Visa credit cards, debit cards, and prepaid cards.

Given Visa Inc. (NYSE:V)’s scale, the company has higher margins than many of its competitors. The company had strong Q2 results with EPS of $1.98, beating analyst estimates by $0.23.

Visa Inc. (NYSE:V) is also the second most widely held Dow Jones index component among hedge funds that we tracked at the end of Q2 with 166 hedge fund holders.

Mayar Capital mentioned Visa Inc. (NYSE:V) in their Q2 2022 investor letter. This is what they had to say:

“Visa and Mastercardhave both been beneficiaries of the move away from cash over the course of the pandemic with the consequence that forward- looking opportunities for further penetration of card payments are lower than a couple of years ago. Moreover, cross-border payments – which were badly impacted by lockdowns – strongly recovered in 2021 and for both businesses are at or near to pre-COVID levels.”