12 Best Warren Buffett Stock Picks For Beginners

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2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 181

Berkshire Hathaway’s Stake Value: $2,622,329,258

Visa Inc. (NYSE:V) is a global fintech company that ranks 2nd on our list of the top Warren Buffett stock picks for beginners. On February 21, Keefe, Bruyette & Woods reiterated an Outperform rating on Visa with a $400 price target. Analysts observed that even with a maturing card market, Visa’s focus on innovation, global expansion, and stronger client relationships is expected to keep its revenue growing at a double-digit pace.

On March 3, Visa Inc. (NYSE:V) announced that its Tap to Phone technology, which allows smartphones to process payments, has grown 200% over the past year, helping millions of small businesses accept contactless payments. It is gaining traction in the US, UK, and Brazil, making payment processing easier and more efficient for business owners. Visa is expanding this technology with new features like Tap to Add Card and Tap to Send, making payments simpler and more secure for everyone.

For Q1 FY2025, Visa Inc. (NYSE:V) reported a 5% increase in GAAP net income, reaching $5.1 billion, and a 10% rise in revenue, which came in at $9.5 billion. This growth was fueled by strong performance in payments volume, cross-border transactions, and processed transactions. Payment volume grew 9%, while cross-border transactions surged by 16%. Service revenue and data processing revenue were also up by 8% and 9%, respectively. Visa’s cash and investments totaled $16.1 billion by the end of the quarter.

According to Insider Monkey’s fourth quarter database, 181 hedge funds were bullish on Visa Inc. (NYSE:V), compared to 165 funds in the prior quarter. Chris Hohn’s TCI Fund Management was the biggest stakeholder of the company, with 16.8 million shares valued at $5.30 billion.

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