In yesterday’s Wall Street session, Visa Inc (NYSE:V) shares traded at $269.78, down -0.59% from the previous session.
V stock price is now -3.53% away from the 50-day moving average and 5.53% away from the 200-day moving average. The market capitalization of the company currently stands at $541.98B.
With the price target of $320, TD Cowen recently initiated with Buy rating for Visa Inc (NYSE: V). On March 27, 2024, Redburn Atlantic Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $307, while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, MCINERNEY RYAN, Chief Executive Officer sold 8,200 shares of the company’s stock on Apr 01 ’24. The stock was sold for $2,298,952 at an average price of $280.36. Upon completion of the transaction, the Chief Executive Officer now directly owns 538 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Chief Executive Officer MCINERNEY RYAN sold 8,150 shares of the business’s stock. A total of $2,308,080 was realized by selling the stock at an average price of $283.20. This leaves the insider owning 538 shares of the company worth $0.15 million. A total of 21.50% of the company’s stock is owned by insiders.
During the past 12 months, Visa Inc has had a low of $216.14 and a high of $290.96. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.45, and a quick ratio of 1.45.
The net profit margin was 53.07% and return on equity was 46.18% for V. The company reported revenue of $8.63 billion for the quarter, compared to $7.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.8 percent.
