Is Visa Inc (V) A Good Stock To Buy?

Because Visa Inc (NYSE:V) has witnessed a decline in interest from hedge fund managers, we can see that there was a specific group of hedgies who unloaded their entire positions during the last three months of 2015. However, the largest position among the funds in the Insider Monkey database was sold by David Stemerman’s Conatus Capital Management, which was previously worth $41.7 million. Lee Hicks and Jan Koerner’s fund, Park Presidio Capital, also cut its stock, valued at about $28.6 million.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Visa Inc (NYSE:V) but similarly valued. These stocks are Chevron Corporation (NYSE:CVX), The Home Depot, Inc. (NYSE:HD), Intel Corporation (NASDAQ:INTC), and Citigroup Inc. (NYSE:C). This group of stocks’ market caps are close Visa’s market cap.

As you can see these stocks had an average of 67 hedge funds with bullish positions and the average amount invested in these stocks was $4.88 billion. That figure was $9.39 billion in Visa’s case. Citigroup Inc. (NYSE:C) is the most popular stock in this table with a total of 106 funds reporting long positions as of the end of December. On the other hand, Chevron Corporation (NYSE:CVX) is the least popular one with only 44 bullish hedge fund positions. Visa Inc (NYSE:V) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard C might be a better candidate to consider a long position.