5 Best Low Volatility Stocks to Buy According to Hedge Funds

2. Visa Inc. (NYSE:V)

5-yr Monthly Beta: 0.95

Number of Hedge Fund Holders: 162

Visa Inc. (NYSE:V) offers digital payment solutions, including credit, debit, prepaid cards, click-to-pay services, and others. The company offers its services in over 200 countries and territories and has carried out more than 283 billion payment transactions in 2023. The stock’s 5-year monthly beta is 0.95.

In the fourth quarter of 2023, 162 hedge funds held positions in Visa Inc. (NYSE:V) worth $26.52 billion. As of Q4 of 2023, TCI Fund Management is the most dominant shareholder in the company and has a position worth $4.373 billion.

On April 3, Visa Inc. (NYSE:V) announced the launch of its new service, Subscription Manager. A part of the Digital Enablement product suite, the service will enable financial institutions to provide cardholders with an effective way to track their subscriptions via their banking apps.

Lakehouse Capital stated the following regarding Visa Inc. (NYSE:V) in its October 2023 investor letter:

“Visa Inc. (NYSE:V) reported a strong result with net revenue increasing 11% year-on-year to $8.6 billion and non-GAAP earnings per share increasing by 21% to $2.33. As has been the case for many years now, the scalable nature of the business allows for revenue growth to outpace its costs, which places the company in a good position to navigate through this inflationary period. The network continues to grow, with credentials and merchant locations up 7% and 17%, respectively. Cross-border travel-related spend also maintained its robust growth, increasing 26% year-on-year while Visa Direct reported 7.5 billion transactions, up 19% yearon-year, progressing on penetrating categories such as cross-border remittances. Altogether, we’re pleased with how the business is tracking and remain positive on Visa’s outlook.”