As Visa INC (V) Stock Rose, Ngam Advisors LP Has Lowered Position by $4.13 Million

March 14, 2018 - By Maria Brooks

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It is negative, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Princeton Strategies Group Limited Liability Company holds 1.28% or 45,016 shares. Whittier Trust holds 1.33% of its portfolio in Visa Inc. (NYSE:V) for 347,615 shares. Eagle Management Limited Co owns 32,057 shares or 1.92% of their US portfolio. Ally Incorporated owns 10,000 shares for 0.2% of their portfolio. Mu Invests Co invested in 620 shares. Granite Inv Limited Liability Company reported 1.04% in Visa Inc. (NYSE:V). Kemnay Advisory Services invested in 44,450 shares. The Virginia-based Davidson & Garrard Incorporated has invested 0.57% in Visa Inc. (NYSE:V). Janney Montgomery Scott Ltd Liability Company invested in 0.42% or 350,570 shares. Dowling & Yahnke Ltd has 1.02% invested in Visa Inc. (NYSE:V). Clal Insurance Enterp Holdg has invested 1.61% in Visa Inc. (NYSE:V). Sky Investment Grp Inc Inc Ltd Liability, Connecticut-based fund reported 2,685 shares. Cap Investment Counsel invested in 0.94% or 20,701 shares. Old State Bank In has invested 1.5% in Visa Inc. (NYSE:V). Vision Capital Mgmt holds 59,723 shares or 2% of its portfolio.

Since December 13, 2017, it had 0 buys, and 3 selling transactions for $6.56 million activity. MAHON TULLIER KELLY sold $5.65 million worth of Visa Inc. (NYSE:V) on Friday, December 15. 1,712 shares valued at $205,440 were sold by Biggar Lynne on Wednesday, February 14.

Ngam Advisors Lp decreased its stake in Visa Inc (V) by 2.57% based on its latest 2017Q3 regulatory filing with the SEC. Ngam Advisors Lp sold 39,336 shares as the company’s stock rose 5.74% with the market. The institutional investor held 1.49M shares of the business services company at the end of 2017Q3, valued at $156.82M, down from 1.53 million at the end of the previous reported quarter. Ngam Advisors Lp who had been investing in Visa Inc for a number of months, seems to be less bullish one the $276.43 billion market cap company. The stock decreased 0.58% or $0.72 during the last trading session, reaching $122.48. About 3.11 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since March 14, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Ngam Advisors Lp, which manages about $16.78B and $9.47 billion US Long portfolio, upped its stake in Tractor Supply Co (NASDAQ:TSCO) by 141,860 shares to 227,284 shares, valued at $14.38 million in 2017Q3, according to the filing. It also increased its holding in Morgan Stanley (NYSE:MS) by 74,312 shares in the quarter, for a total of 464,326 shares, and has risen its stake in Vanguard Bd Index Fd Inc (BND).

Analysts await Visa Inc. (NYSE:V) to report earnings on April, 19. They expect $1.01 EPS, up 17.44 % or $0.15 from last year’s $0.86 per share. V’s profit will be $2.28 billion for 30.32 P/E if the $1.01 EPS becomes a reality. After $1.08 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts -6.48 % negative EPS growth.

Another recent and important Visa Inc. (NYSE:V) news was published by which published an article titled: “Is Visa Inc. a Buy?” on February 22, 2018.

Visa Inc. (NYSE:V) Ratings Coverage

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) earned “Neutral” rating by Compass Point on Friday, April 15. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Cowen & Co on Wednesday, October 11. The rating was maintained by Oppenheimer on Wednesday, October 25 with “Buy”. Barclays Capital maintained the stock with “Overweight” rating in Thursday, October 26 report. Jefferies maintained the stock with “Buy” rating in Friday, June 23 report. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, October 25 report. The rating was maintained by Morgan Stanley with “Overweight” on Friday, October 20. On Thursday, July 20 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, February 1 by Piper Jaffray. As per Tuesday, October 10, the company rating was upgraded by Wells Fargo.

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