5 Best American Stocks To Buy Now

3. Visa, Inc. (NYSE:V)

Number of Hedge Fund Holders: 162

The most famous payments stock according to the number of hedge funds, Visa, Inc. (NYSE:V) is a California-based multinational financial services company engaged in the provision of electronic funds transfer across a vast number of countries around the world.

According to the company’s quarterly earnings report for the fourth quarter of 2021 released on October 26, with earnings per share at $1.62, beating forecast estimates by $0.08. The company also reported a revenue of $6.56 billion, an increase of 28.58% on a year-over-year basis, surpassing predicted revenues by $45.89 million.

Of the 873 elite funds tracked by Insider Monkey, 162 were long Visa, Inc. (NYSE:V) at the end of June, compared to 164 in the first quarter of 2021. Alexander Becker of Codex Capital is the leading stakeholder of the company.

On October 28, Morgan Stanley analyst James Faucette kept an Overweight rating and $280 price target on Visa, Inc. (NYSE:V) shares.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Visa Inc. (NYSE:V) was one of them. Here is what the fund said:

“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”