Visa EVP Sells $1,586,605 in Stock (V)
Visa (NYSE:V) EVP Antonio Lucio sold 7,163 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $221.50, for a total transaction of $1,586,604.50. Following the completion of the sale, the executive vice president now directly owns 46,465 shares of the company’s stock, valued at approximately $10,291,998. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Visa in a research note to investors on Friday, December 27th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note to investors on Monday, December 23rd. They now have a $227.00 price target on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Visa from $233.00 to $265.00 in a research note to investors on Thursday, December 19th. They now have an “overweight” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $211.27.
Visa (NYSE:V) traded up 0.07% during mid-day trading on Friday, hitting $221.16. The stock had a trading volume of 1,952,454 shares. Visa has a 1-year low of $154.14 and a 1-year high of $222.72. The stock’s 50-day moving average is $207.7 and its 200-day moving average is $192.6. The company has a market cap of $140.8 billion and a P/E ratio of 29.11. Visa also was the recipient of some unusual options trading on Wednesday. Stock traders bought 11,658 put options on the stock. This represents an increase of approximately 148% compared to the average volume of 4,704 put options.
Visa (NYSE:V) last announced its earnings results on Wednesday, October 30th. The company reported $1.85 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.85. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the company posted $1.54 earnings per share. Visa’s revenue was up 8.9% compared to the same quarter last year.
Visa Inc (NYSE:V) is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.