5 Stocks to Buy and Hold for Long Term According to Warren Buffett

4. Visa Inc. (NYSE: V)

Number of Hedge Fund Holders: 162  

Visa Inc. (NYSE: V) is a California-based payments technology company. It is placed fourth on our list of 10 stocks to buy and hold for the long term according to Warren Buffett. Latest data reveals that Berkshire Hathaway owned close to 10 million shares in Visa Inc. (NYSE: V) at the end of June 2021. The shares are valued at more than $2.3 billion and represent 0.79% of the portfolio. 

On August 17, investment advisory JPMorgan reiterated an Overweight rating on Visa Inc. (NYSE: V) stock and raised the price target to $267 from $249, underlining that the modern players in the payments sector were outperforming expectations. 

At the end of the second quarter of 2021, 162 hedge funds in the database of Insider Monkey held stakes worth $27 billion in Visa Inc. (NYSE: V), down from 164 in the preceding quarter worth $26 billion. 

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.”