5 Best Warren Buffett Stock Picks for Beginners

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 165

Visa Inc. (NYSE:V) is a California-based financial services company. It is one of the world’s most valuable brands as well as one of the largest payment processing companies. The company provides electronic funds transfer services primarily through credit, debit, and prepaid cards. 

Visa Inc. (NYSE:V) was held by 165 hedge funds in the third quarter of 2022, with a combined value of $22.48 billion. TCI Fund Management was the most significant shareholder in the company with $3.54 billion worth of shares. Berkshire Hathaway was the third largest stakeholder in the company with 8.297 million shares, worth $1.474 billion. The firm has held on to Visa Inc. (NYSE:V) shares since Q3 2011.

On December 27, Wells Fargo analyst Donald Fandetti maintained an Overweight rating on Visa Inc. (NYSE:V)’s shares and raised the price target to $250 from $225. According to the analyst, the company can still deliver a 20% EPS growth rate in the future.

Here is what Baron Funds had to say about Visa Inc. (NYSE:V) in its Q2 2022 investor letter:

“The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Visa, Inc. (NYSE:V). These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.”