As Visa (V) Share Value Rose, Holder Atlanta Capital Group Trimmed Position by $935,550; Tourbillon Capital Partners LP Has Decreased Its Position in Netease (Put) (NTES) as Share Price Declined

January 13, 2018 - By Ellis Scott

Atlanta Capital Group decreased its stake in Visa Inc (V) by 11.97% based on its latest 2017Q3 regulatory filing with the SEC. Atlanta Capital Group sold 8,910 shares as the company’s stock rose 5.74% with the market. The institutional investor held 65,522 shares of the business services company at the end of 2017Q3, valued at $6.90 million, down from 74,432 at the end of the previous reported quarter. Atlanta Capital Group who had been investing in Visa Inc for a number of months, seems to be less bullish one the $272.15B market cap company. The stock increased 0.21% or $0.25 during the last trading session, reaching $120.09. About 5.59 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since January 13, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Jason Karp decreased its stake in Netease Inc (Put) (NTES) by 87.84% based on its latest 2017Q3 regulatory filing with the SEC. Tourbillon Capital Partners Lp sold 325,000 shares as the company’s stock declined 3.53% while stock markets rallied. The hedge fund run by Jason Karp held 45,000 shares of the miscellaneous company at the end of 2017Q3, valued at $11.87 million, down from 370,000 at the end of the previous reported quarter. Tourbillon Capital Partners Lp who had been investing in Netease Inc (Put) for a number of months, seems to be less bullish one the $43.16B market cap company. The stock increased 0.44% or $1.43 during the last trading session, reaching $328.83. About 1.06M shares traded. NetEase, Inc. (NASDAQ:NTES) has risen 77.85% since January 13, 2017 and is uptrending. It has outperformed by 61.15% the S&P500.

Analysts await Visa Inc. (NYSE:V) to report earnings on February, 1. They expect $0.97 earnings per share, up 12.79% or $0.11 from last year’s $0.86 per share. V’s profit will be $2.20B for 30.95 P/E if the $0.97 EPS becomes a reality. After $0.90 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts 7.78% EPS growth.

Since August 17, 2017, it had 0 buys, and 3 sales for $7.43 million activity. MATSCHULLAT ROBERT W sold $707,561 worth of Visa Inc. (NYSE:V) on Wednesday, December 13. 10,400 shares valued at $1.07M were sold by CRANSTON MARY B on Thursday, August 17.

Atlanta Capital Group, which manages about $1.02 billion and $573.66 million US Long portfolio, upped its stake in Janus Detroit Str Tr by 10,291 shares to 216,679 shares, valued at $7.75M in 2017Q3, according to the filing.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.13, from 1.13 in 2017Q2. It turned 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. Pr Herzig & Communication reported 1.71% stake. Dynamic Advsrs Solutions Lc stated it has 0.95% of its portfolio in Visa Inc. (NYSE:V). Diversified, a Tennessee-based fund reported 50,833 shares. Beach Point Management Lp stated it has 1.33% in Visa Inc. (NYSE:V). Dimensional Fund Advsr LP invested in 4.55M shares or 0.21% of the stock. Bkd Wealth Advisors Lc owns 9,055 shares. North Star Asset Management invested in 135,178 shares or 1.27% of the stock. Carret Asset Ltd Limited Liability Company accumulated 26,763 shares. Tnb has invested 2.69% in Visa Inc. (NYSE:V). Penobscot Invest Mgmt Communication stated it has 56,513 shares or 1.78% of all its holdings. 16,830 are held by Regent Investment Lc. Main Street Ltd Llc owns 114,294 shares. Falcon Point Cap Ltd Liability holds 1,836 shares. Ghp Inv Advsr reported 0.2% stake. Redmond Asset Mngmt Lc stated it has 31,145 shares.

Among 40 analysts covering Visa Inc. (NYSE:V), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Visa Inc. had 101 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Monday, June 6. Morgan Stanley maintained Visa Inc. (NYSE:V) rating on Thursday, October 26. Morgan Stanley has “Overweight” rating and $126 target. The firm has “Buy” rating given on Tuesday, October 25 by UBS. RBC Capital Markets maintained Visa Inc. (NYSE:V) rating on Friday, July 24. RBC Capital Markets has “Outperform” rating and $82 target. The rating was maintained by UBS with “Buy” on Friday, July 21. JP Morgan maintained the shares of V in report on Friday, August 14 with “Overweight” rating. KeyBanc Capital Markets maintained Visa Inc. (NYSE:V) rating on Wednesday, December 13. KeyBanc Capital Markets has “Buy” rating and $125.0 target. The stock has “Buy” rating by Sterne Agee CRT on Thursday, December 17. FBR Capital maintained the shares of V in report on Friday, July 24 with “Mkt Perform” rating. The rating was maintained by RBC Capital Markets on Tuesday, October 25 with “Outperform”.

Analysts await NetEase, Inc. (NASDAQ:NTES) to report earnings on February, 21. They expect $2.41 EPS, down 39.90% or $1.60 from last year’s $4.01 per share. NTES’s profit will be $316.33M for 34.11 P/E if the $2.41 EPS becomes a reality. After $2.86 actual EPS reported by NetEase, Inc. for the previous quarter, Wall Street now forecasts -15.73% negative EPS growth.

Tourbillon Capital Partners Lp, which manages about $1.12B and $4.13 billion US Long portfolio, upped its stake in Discovery Communicatns New (NASDAQ:DISCA) by 2.08M shares to 3.89M shares, valued at $82.71M in 2017Q3, according to the filing. It also increased its holding in Sarepta Therapeutics Inc (NASDAQ:SRPT) by 1.20 million shares in the quarter, for a total of 1.53M shares, and has risen its stake in Spectrum Brands Hldgs Inc (NYSE:SPB).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>