5 New Stock Picks of Billionaire Paul Tudor Jones

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 159

Visa Inc. (NYSE:V) is one of the most prominent American payments technology firms. Billionaire Paul Tudor Jones acquired a stake in Visa Inc. (NYSE:V) during the first quarter of 2022, buying 20,702 shares worth about $4.6 million. On April 26, Visa Inc. (NYSE:V) posted above consensus earnings and revenue for Q1, coming in at $1.79 and $7.19 billion respectively. 

On May 17, Goldman Sachs analyst Will Nance initiated coverage of Visa Inc. (NYSE:V) with a Buy rating and a $282 price target, implying 43% upside. The analyst also added the shares to the firm’s Americas Conviction List. He sees Visa Inc. (NYSE:V) as the global leader in payments with “attractive leverage to the long-term secular growth driver from payment electronification”. 

Among the hedge funds tracked by Insider Monkey, 159 funds were bullish on Visa Inc. (NYSE:V) at the end of March 2022, up from 142 funds in the preceding quarter. Chris Hohn’s TCI Fund Management is a prominent shareholder of the company, with almost 20 million shares worth $4.4 billion. 

Here is what Baron Durable Advantage Fund has to say about Visa Inc. (NYSE:V) in its Q1 2022 investor letter:

“Shares of global payment network Visa, Inc. (NYSE:V) were up 2.5% on strong quarterly results with 24% revenue growth and 27% EPS growth. Payment volume grew 20% with notable strength in cross-border volumes as travel activity rebounded from depressed levels. Management raised full-year guidance to reflect high-teens revenue growth. Shares also likely benefited from a “flight to safety” during a volatile quarter for equities. We continue to own the stock due to Visa’s long runway for growth underpinned by the continued migration from cash transactions to card/digital and strong competitive advantages, operating in a duopoly with Mastercard.”