5 Finance Stocks to Buy Today According to Billionaire Israel Englander

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 142

Visa Inc. (NYSE:V) is an American multinational financial services corporation that provides credit cards, debit cards, and prepaid cards. Barclays analyst Ramsey El-Assal lowered the firm’s price target on Visa Inc. (NYSE:V) to $260 from $265 and maintained an Overweight rating on the shares on April 4.

Israel Englander’s Millennium Management revealed in securities filings for Q4 2021 that it boosted its Visa Inc. (NYSE:V) stake by 173%, holding approximately 1.4 million shares of the company, worth more than $302 million. Visa Inc. (NYSE:V) represents 0.15% of the total 13F holdings of Israel Englander’s fund. 

Among the hedge funds tracked by Insider Monkey in the fourth quarter of 2021, 142 funds were bullish on Visa Inc. (NYSE:V), with collective stakes exceeding $29 billion. Chris Hohn’s TCI Fund Management held the biggest position in the company, with 23 million shares worth $5 billion. 

Here is what Wedgewood Partners has to say about Visa Inc. (NYSE:V) in its Q1 2022 investor letter:

“Visa continued to benefit from strong consumer spending as well as a recovery in crossborder payment volumes, more recently driven by the return of travelers. While the emergence of the “Omicron” variant of COVID early in the quarter posed a risk to this travel recovery, it proved short-lived, with most of Europe, North America, and Latin American re-engaging in cross-border travel. Visa continues to extend its network to all comers. By processing over $10 trillion in volume per year, Visa has unparalleled scale and, as a result, can sell this scale to its customers at very attractive economics. For example, “FinTech” businesses will often charge customers upwards of 3-5% to transact, while Visa takes mere basis points on most transactions, despite enabling service levels historically reserved for only the largest financial institutions. After adding to Visa late last year, we are most pleased that Visa is back to one of our top 5 holdings.”

You can also take a look at 10 Best Stocks to Buy Now According to Billionaire David Harding and Top 10 Small-Cap Stocks Added to Billionaire Mario Gabelli’s Portfolio. 

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