5 Best Blue-Chip Stocks to Invest In

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1. Visa Inc. (NYSE: V)

Number of Hedge Fund Holders: 162

Topping the list of 15 best blue-chip stocks to invest in is Visa Inc. (NYSE: V). The San Francisco-based payments technology company offers digital payment solutions to clients globally. Visa Inc. (NYSE: V) also offers card products and value-added services.

On August 17, JPMorgan analyst Tien-Tsin Huang kept an Overweight rating on Visa Inc. (NYSE: V) and increased the stock’s price target to $267 per share from the previous $249. 

Visa Inc. (NYSE: V) saw its stock rise 1.3% on August 23 after the company announced its purchase of “CryptoPunk,” a non-fungible Ethereum token worth nearly $150,000.

The company has a market cap of $507 billion. In the third quarter of fiscal 2021, Visa Inc. (NYSE: V) reported an EPS of $1.49, beating estimates by $0.14. The company’s revenue in the quarter grew 27% year over year to $6.13 billion and beat revenue estimates by $272.5 million. The stock has gained 7% in the past twelve months.

At the end of the second quarter of 2021, 162 hedge funds in the database of Insider Monkey held stakes worth $27.6 billion in Visa Inc. (NYSE: V).

You can also take a peek at 10 High Sharpe Ratio Dividend Stocks in the S&P 500 and Mario Gabelli is Dumping These 15 Stocks.

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