The price of Visa Inc (NYSE:V) shares last traded on Wall Street fell -0.48% to $279.39.
V stock price is now 0.66% away from the 50-day moving average and 8.18% away from the 200-day moving average. The market capitalization of the company currently stands at $559.06B.
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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, CARNEY LLOYD, Director sold 909 shares of the company’s stock on Apr 26 ’24. The stock was sold for $250,472 at an average price of $275.55. Upon completion of the transaction, the Director now directly owns 2,591 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Chief Executive Officer MCINERNEY RYAN sold 8,200 shares of the business’s stock. A total of $2,298,952 was realized by selling the stock at an average price of $280.36. This leaves the insider owning 538 shares of the company worth $0.15 million. A total of 21.56% 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 0.51, a current ratio of 1.40, and a quick ratio of 1.40.
The net profit margin was 53.04% and return on equity was 45.81% for V. The company reported revenue of $8.78 billion for the quarter, compared to $7.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.89 percent.
