Steve Cohen Is Holding These 5 Tech Stocks Despite Selloff

2. Visa Inc. (NYSE:V)

Point72 Asset Management’s Holdings: $205 million

Percentage of Point72 Asset Management’s Portfolio: 0.81%

Number of Hedge Fund Holders: 142

Visa Inc. (NYSE:V) is a payments technology based in the United States. The firm provides banks with cards and merchants with terminals that allow those with its cards to effortlessly make payments.

For its fiscal Q2, Visa Inc. (NYSE:V) earned $7 billion in revenue and $1.79 in non-GAAP EPS, in a strong set of results that saw it beat analyst estimates for both. Goldman Sachs set a $282 price target for the company in May 2022, justifying the decision by claiming that the company is a global leader in the payments industry.

As this year’s first quarter came to an end, Point72 Asset Management held 927,069 Visa Inc. (NYSE:V) shares which were worth $205 million and represented 0.81% of its investment portfolio. As Q4 2021 ended, 142 of the 924 hedge funds studied by Insider had held a stake in the company.

For the first quarter of this year, Marcio Appel’s Adam Capital was Visa Inc. (NYSE:V) largest investor, holding 89,934 shares that were worth $19.9 billion.