Top 5 Stocks to Buy According to Charles Pollnow’s Triple Frond Partners

4. Visa Inc. (NYSE:V)

Triple Frond Partner’s Stake Value: $106 million
Percent of Triple Frond Partner’s Portfolio: 11.52%
Number of Hedge Fund Holders: 62

Visa Inc. (NYSE:V) ranks 4th on our list of top stocks by Charles Pollnow. Visa Inc. (NYSE:V) is a San Francisco-based company providing Financial Services. Visa Inc. (NYSE:V) provides a digital payment gateway to consumers, merchants, businesses, and institutions.

As of Q2 2021, Triple Frond Partners holds 453,500 shares in Visa Inc. (NYSE:V), valued at $106 million. Visa Inc. (NYSE:V) accounts for 11.52% of the portfolio of Charles Pollnow’s Triple Frond Partners.

Visa Inc. (NYSE:V) has generated a net income of $2.57 billion in Q2 2021, increasing from $2.37 billion in the same quarter last year. The year-on-year growth of quarterly revenue is recorded to be 26.7%. Visa Inc. (NYSE:V) reported an EPS of $1.49, beating the market consensus by $0.14 in Q2 2021. In September, Visa (NYSE:V) announced a strategic partnership in the Asia Pacific with Ascenda, the loyalty technology company. In September 2021, JPMorgan Chase & Co. raised its firm’s price target on Visa Inc. (NYSE:V) to $267 from $249, keeping an ‘Overweight’ rating on the shares.

As of Q2, 2021, 62 hedge funds have more than $27.6 billion worth of stakes in Visa Inc. (NYSE:V), as tracked by Insider Monkey.