Here are the Competitive Advantages of Visa (V)

Ensemble Capital Management, an investment management company, released its third quarter 2023 investor letter. A copy of the same can be downloaded here. During the quarter, the strategy declined by 5.68% compared to the S&P 500’s 3.27% decline. The underperformance of the fund was driven by large declines in two holdings that have recently elected activist shareholders to their boards. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Ensemble Capital Management highlighted stocks like Visa Inc. (NYSE:V) in the third quarter 2023 investor letter. Headquartered in San Francisco, California, Visa Inc. (NYSE:V) is a global payment technology company. On October 31, 2023, Visa Inc. (NYSE:V) stock closed at $235.10 per share. One-month return of Visa Inc. (NYSE:V) was 1.68%, and its shares gained 16.99% of their value over the last 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $486.387 billion.

Ensemble Capital Management made the following comment about Visa Inc. (NYSE:V) in its Q3 2023 investor letter:

“Mastercard is a company that pretty much everyone has heard of. In fact, when we meet with Ensemble’s clients, we occasionally tell them that we’re nearly certain that they are carrying a Mastercard in their wallet or purse as we speak, and if not, they are carrying a Visa Inc. (NYSE:V). Most people carry both.

People carry Mastercard and Visa because they are accepted nearly everywhere in developed markets. And they are accepted in most emerging economies, at least at locations where higher income people spend money. As a shopper you can show up at a bodega in Peru, a high end hotel in Tokyo, a truck stop in Alabama, or an ice cream cart in Milan, show them a piece of plastic and they’ll let you walk away with goods and services without any worry that they aren’t going to get paid…” (Click here to read the full text)

Credit Card Rewards

Visa Inc. (NYSE:V) is in 5th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 171 hedge fund portfolios held Visa Inc. (NYSE:V) at the end of second quarter which was 173 in the previous quarter.

We previously discussed Visa Inc. (NYSE:V) in another article and shared Warren Buffett stock picks for beginners. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.