Should You Invest in Visa (V)?

Wedgewood Partners, an investment management company, released its “Large Cap Focused Growth Fund” third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund returned -4.1% net, compared to a -4.9% return for the Standard & Poor’s Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Wedgewood Partners discussed stocks like Visa Inc. (NYSE:V) in the Q3 2022 investor letter. Headquartered in San Francisco, California, Visa Inc. (NYSE:V) is a global payment technology company. On October 13, 2022, Visa Inc. (NYSE:V) stock closed at $184.66 per share. One-month return of Visa Inc. (NYSE:V) was -4.47% and its shares lost 20.06% of their value over the last 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $343.502 billion.

Here is what Wedgewood Partners specifically said about Visa Inc. (NYSE:V) in its Q3 2022 investor letter:

“Visa Inc. (NYSE:V) continues to report strong double-digit growth in payment volumes throughout the first two months of the calendar third quarter. The stock suffered after concerns about potential adverse legislation related to its credit card routing practices began to surface. Similar legislation related to the Company’s debit routing practices was passed into law back in 2010. Not unlike the previous legislation, the Company’s value proposition to merchants, consumers and bank-issuing customers and acquirers is robust enough to help blunt the potential effects the legislation might have in the near term. Over a multiyear time horizon, it would be quite difficult for any currently non-existent or even sub-scale credit routing network to add the value that Visa (or MasterCard) can already add today.”

Visa Inc (NYSE:V), card, pocket, jeans, credit cards, bank

siam sompunya

Visa Inc. (NYSE:V) is in 5th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 166 hedge fund portfolios held Visa Inc. (NYSE:V) at the end of the second quarter which was 159 in the previous quarter.

We discussed Visa Inc. (NYSE:V) in another article and shared a list of large-cap stocks to buy according to billionaire Richard Chilton. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

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