10 Most Popular Stocks Among Hedge Funds (Part 2)

9. Visa Inc (NYSE:V)

Visa Inc (NYSE:V) was in the portfolio of 110 hedge funds tacked by Insider Monkey as of the end of the first quarter, while the collective worth of hedge funds’ positions in the payments company amounted to over $12.24 billion. The company is still exhibiting a strong growth rate and flourishing business prospects, processing transactions worth $1.8 trillion in the first quarter of 2017, helped by its recent reacquisition of Visa Europe. Last week, investment firm Wedbush upped its price target on Visa Inc (NYSE:V) to $100, 5% above the stock’s current price. Billionaire Warren Buffett owns 10.56 million shares of Visa as of March 31, shares which have gained about 19% since the start of 2017.

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