Insider Selling: Visa EVP Sells 7,304 Shares of Stock (V)
Visa (NYSE:V) EVP Antonio Lucio unloaded 7,304 shares of Visa stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $210.88, for a total transaction of $1,540,267.52. Following the sale, the executive vice president now directly owns 59,030 shares of the company’s stock, valued at approximately $12,448,246. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Visa (NYSE:V) traded up 0.27% on Tuesday, hitting $210.81. The stock had a trading volume of 1,432,129 shares. Visa has a one year low of $170.99 and a one year high of $235.50. The stock has a 50-day moving average of $210.3 and a 200-day moving average of $215.1. The company has a market cap of $132.4 billion and a P/E ratio of 24.87. Visa also was the recipient of a large decrease in short interest in May. As of May 30th, there was short interest totalling 14,621,076 shares, a decrease of 14.2% from the May 15th total of 17,031,105 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,336,873 shares, the short-interest ratio is presently 6.3 days.
Visa (NYSE:V) last released its earnings data on Thursday, April 24th. The company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.34. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Visa will post $8.99 earnings per share for the current fiscal year.
V has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Visa in a research note on Friday, May 30th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Visa in a research note on Wednesday, May 14th. They now have a $268.00 price target on the stock. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and a consensus price target of $240.14.
Visa Inc (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and electronic payments.
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