Aggressive’ Bearish Options Activity Seen in Visa Inc

 Aggressive' Bearish Options Activity Seen in Visa Inc

In today’s session Visa Inc (V) recorded an unusually high (2,466) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious V decrease. With 2,466 contracts traded and 36704 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: V170120P00072500 closed last at: $0.57 or 16.3% up. About 538,117 shares traded hands. Visa Inc (NYSE:V) has risen 0.50% since April 27, 2016 and is uptrending. It has underperformed by 4.73% the S&P500.

Analysts await Visa Inc (NYSE:V) to report earnings on January, 26. They expect $0.78 EPS, up 13.04% or $0.09 from last year’s $0.69 per share. V’s profit will be $1.83B for 25.21 P/E if the $0.78 EPS becomes a reality. After $0.78 actual EPS reported by Visa Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Visa Inc (NYSE:V) Ratings Coverage

Out of 21 analysts covering Visa Inc. (NYSE:V), 14 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. $97 is the highest target while $70 is the lowest. The $84.85 average target is 7.90% above today’s ($78.64) stock price. Visa Inc. has been the topic of 37 analyst reports since July 21, 2015 according to StockzIntelligence Inc. UBS maintained Visa Inc (NYSE:V) on Tuesday, October 25 with “Buy” rating. JP Morgan upgraded it to “Overweight” rating and $88 target price in Monday, June 6 report. UBS initiated Visa Inc (NYSE:V) on Wednesday, December 16 with “Buy” rating. Topeka Capital Markets maintained Visa Inc (NYSE:V) rating on Friday, July 24. Topeka Capital Markets has “Hold” rating and $70 price target. The stock of Visa Inc (NYSE:V) has “Buy” rating given on Thursday, December 17 by Sterne Agee CRT. The firm earned “Buy” rating on Thursday, October 8 by Guggenheim. The firm earned “Overweight” rating on Monday, May 16 by Barclays Capital. The firm has “Outperform” rating given on Friday, January 29 by RBC Capital Markets. The rating was downgraded by Bank of America to “Neutral” on Thursday, February 11. RBC Capital Markets maintained the shares of V in a report on Tuesday, October 25 with “Outperform” rating.

According to Zacks Investment Research, “VISA operates the world’s largest retail electronic payments network and is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.06, from 0.99 in 2016Q1. The ratio is negative, as 54 funds sold all Visa Inc shares owned while 562 reduced positions. 108 funds bought stakes while 500 increased positions. They now own 1.67 billion shares or 5.23% less from 1.76 billion shares in 2016Q1.
Cobblestone Capital Advsrs Limited Liability Com Ny accumulated 116,298 shares or 1.23% of the stock. Eagle Management Ltd Liability Com holds 50,247 shares or 4.11% of its portfolio. Parkwood Lc holds 0.05% of its portfolio in Visa Inc (NYSE:V) for 4,174 shares. Crescent Park Management Lp has 127,200 shares for 2.07% of their US portfolio. Invsts has invested 1% of its portfolio in Visa Inc (NYSE:V). Barclays Public Ltd Liability Corp last reported 2.14M shares in the company. Meiji Yasuda Life Insurance Com has 67,264 shares for 0.8% of their US portfolio. Bluefin Trading Llc, a New York-based fund reported 55,569 shares. Caisse De Depot Et Placement Du Quebec reported 68,475 shares or 0.01% of all its holdings. Timessquare Capital Mngmt Limited Liability Company, a New York-based fund reported 119,050 shares. Aravt Ltd Liability Corp last reported 4.78% of its portfolio in the stock. Mckinley Carter Wealth Service holds 0.15% of its portfolio in Visa Inc (NYSE:V) for 3,916 shares. Hall Laurie J Trustee last reported 1,090 shares in the company. Crestpoint Cap Lc last reported 0.73% of its portfolio in the stock. Miller Howard Investments Inc holds 0.01% or 11,284 shares in its portfolio.

Insider Transactions: Since October 28, 2016, the stock had 0 insider buys, and 2 selling transactions for $65.42 million net activity. $63.88 million worth of shares were sold by SCHARF CHARLES W on Friday, October 28. Shares for $1.53M were sold by MCINERNEY RYAN.

Visa Inc. is a payments technology firm that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The company has a market cap of $184.14 billion. The Firm operates through payment services segment. It has a 38.1 P/E ratio. The Firm enables global commerce through the transfer of value and information among the participants.

V Company Profile

Visa Inc., incorporated on May 25, 2007, is a payments technology company. The Firm and its subsidiaries, including Visa U.S.A. Inc. (Visa U.S.A.), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world. The Firm also offers fraud protection for account holders and rapid payment for merchants. The Firm provides its services to consumers, businesses, financial institutions and governments in over 200 countries and territories for electronic payments. The Firm provides a range of payment solutions that support payment products that issuers can offer to their account holders, including pay now with debit, pay ahead with prepaid or pay later with credit products. It also offers a suite of digital, e-commerce, person-to-person payments, and mobile services and products. These services facilitate transactions on its network among account holders, merchants, financial institutions and governments.

Another recent and important Visa Inc (NYSE:V) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Visa, United Technologies and Bunge” on November 14, 2016.

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