5 Stocks to Sell According to Billionaire James Dinan

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1. Visa Inc (NYSE:V)

Number of Hedge Fund Holders: 162

Visa Inc (NYSE:V) operates as a payments technology company worldwide and is a well-known rival of Mastercard Incorporated (NYSE:MA). The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities.

Visa Inc (NYSE:V) reported its earnings for the fiscal fourth quarter of 2021 that ended in September. The company’s revenue was reported to be $6.56 billion, up 28.58% year over year, beating estimates by $45.89 million. Visa Inc (NYSE:V) reported earnings per share of $1.62 and beat estimates by $0.08.

On the 27th of October, 2021, JPMorgan analyst Tien-tsin Huang raised his price target on Visa Inc (NYSE:V) to $277 from $267 and reiterated an Overweight rating on the shares in light of the company’s fiscal fourth-quarter results.

L1 Capital mentioned Visa Inc (NYSE:V) in its third-quarter 2021 investor letter, here’s what it had to say:

“In our view, the payment network company, Visa, remain very well positioned to participate in an ever-expanding market for electronic payments. In time, ‘Buy now, Pay Later’ may have a modest impact on Visa’s transaction volumes, however in aggregate, we believe it will have the greater effect of supporting growth in electronic payments more broadly. Nearer term, we believe the recovery in international travel as the world gradually normalises and learns to live with COVID-19 will be materially positive for Visa’s financial performance. eCommerce will also remain a positive key driver for Visa growth.”

You can also take a peek at Billionaire James Dinan’s Top 10 Stock Picks and 10 Best Dividend Stocks to Buy According to Billionaire James Dinan.

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