Sunbelt Securities Has Raised Its Stake in Visa (V) as Stock Value Rose; Towercrest Capital Management Raised Ishares Nasdaq Biotechnology Etf (GOOGL) Holding by $1.03 Million; Market Valuation Declined

May 25, 2018 - By Dolores Ford

Visa Inc. (NYSE:V) Logo

Sunbelt Securities Inc increased its stake in Visa Inc (V) by 29.67% based on its latest 2017Q4 regulatory filing with the SEC. Sunbelt Securities Inc bought 2,806 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 12,262 shares of the business services company at the end of 2017Q4, valued at $1.40 million, up from 9,456 at the end of the previous reported quarter. Sunbelt Securities Inc who had been investing in Visa Inc for a number of months, seems to be bullish on the $295.41 billion market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $131.89. About 6.04M shares traded. Visa Inc. (NYSE:V) has risen 31.98% since May 25, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

Towercrest Capital Management increased its stake in Ishares Nasdaq Biotechnology Etf (GOOGL) by 200% based on its latest 2017Q4 regulatory filing with the SEC. Towercrest Capital Management bought 9,742 shares as the company’s stock declined 5.79% with the market. The institutional investor held 14,613 shares of the programming company at the end of 2017Q4, valued at $1.56M, up from 4,871 at the end of the previous reported quarter. Towercrest Capital Management who had been investing in Ishares Nasdaq Biotechnology Etf for a number of months, seems to be bullish on the $751.42B market cap company. The stock decreased 0.05% or $0.51 during the last trading session, reaching $1085.45. About 915,826 shares traded. Alphabet Inc. (NASDAQ:GOOGL) has risen 20.09% since May 25, 2017 and is uptrending. It has outperformed by 8.54% the S&P500.

Towercrest Capital Management, which manages about $137.52 million US Long portfolio, decreased its stake in Ishares Floating Rate Bond Etf (FLOT) by 10,925 shares to 65,741 shares, valued at $3.34 million in 2017Q4, according to the filing.

More notable recent Alphabet Inc. (NASDAQ:GOOGL) news were published by: Nasdaq.com which released: “As the Scandal Fades, Facebook, Inc. Stock Still Is Bulletproof” on May 24, 2018, also Seekingalpha.com with their article: “Alphabet Beats, Opportunity Spikes” published on April 27, 2018, Investorplace.com published: “New Google Chromebooks Are Designed to Invade the Business Market” on May 24, 2018. More interesting news about Alphabet Inc. (NASDAQ:GOOGL) were released by: Seekingalpha.com and their article: “Google Tips Its Hand On Its Autonomous Vehicle Strategy, And It Will Be Big” published on May 21, 2018 as well as Nasdaq.com‘s news article titled: “Apple Changing Gears Yet Again on Autonomous Driving” with publication date: May 25, 2018.

Among 55 analysts covering Google (NASDAQ:GOOGL), 49 have Buy rating, 0 Sell and 6 Hold. Therefore 89% are positive. Google had 203 analyst reports since August 8, 2015 according to SRatingsIntel. Rosenblatt maintained the shares of GOOGL in report on Friday, October 23 with “Buy” rating. Axiom Capital maintained the shares of GOOGL in report on Tuesday, November 3 with “Buy” rating. Susquehanna initiated the stock with “Positive” rating in Monday, August 10 report. The company was maintained on Monday, October 16 by Mizuho. Axiom Capital maintained the stock with “Buy” rating in Monday, December 28 report. The firm earned “Buy” rating on Thursday, September 21 by Robert W. Baird. BMO Capital Markets maintained it with “Hold” rating and $970.0 target in Monday, September 11 report. The firm has “Buy” rating given on Friday, January 27 by Mizuho. Credit Suisse maintained Alphabet Inc. (NASDAQ:GOOGL) rating on Friday, October 23. Credit Suisse has “Outperform” rating and $850.0 target. Mizuho upgraded Alphabet Inc. (NASDAQ:GOOGL) rating on Tuesday, August 11. Mizuho has “Buy” rating and $715 target.

Among 43 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Visa Inc. had 131 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Buy” on Thursday, October 26. Robert W. Baird maintained it with “Buy” rating and $122.0 target in Tuesday, August 22 report. The stock has “Buy” rating by Jefferies on Friday, June 23. The rating was maintained by Citigroup with “Buy” on Wednesday, October 18. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, February 2. The firm earned “Buy” rating on Monday, September 25 by Robert W. Baird. The company was maintained on Friday, August 11 by Keefe Bruyette & Woods. On Thursday, February 1 the stock rating was maintained by Cowen & Co with “Buy”. Cowen & Co maintained Visa Inc. (NYSE:V) on Friday, July 14 with “Buy” rating. Morgan Stanley maintained Visa Inc. (NYSE:V) rating on Thursday, April 26. Morgan Stanley has “Overweight” rating and $142 target.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.05, from 1 in 2017Q3. It increased, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. Benedict Fincl Advisors reported 0.93% in Visa Inc. (NYSE:V). Virginia Retirement System Et Al holds 1.25% or 926,700 shares. 710,905 were accumulated by American Gp. Mairs Pwr has invested 0.01% in Visa Inc. (NYSE:V). Hollencrest Cap Management stated it has 14,096 shares. Prudential Public Limited Company owns 2.47 million shares or 0.86% of their US portfolio. Highland Cap Ltd Limited Liability Company holds 0.71% in Visa Inc. (NYSE:V) or 82,257 shares. Fincl Corporation invested in 0.13% or 2,408 shares. Amarillo National Bank & Trust invested in 8,398 shares. Violich Cap Mgmt has 191,251 shares for 5.55% of their portfolio. Baxter Bros holds 145,574 shares or 4.55% of its portfolio. Tiger Glob Lc stated it has 0.71% in Visa Inc. (NYSE:V). Arizona State Retirement has 488,338 shares. Great Lakes Ltd Liability Corp invested in 0.13% or 50,013 shares. Tradewinds Mngmt Limited Liability Corp reported 4,978 shares.

Since December 13, 2017, it had 0 buys, and 5 insider sales for $12.69 million activity. The insider MCINERNEY RYAN sold $5.06 million. $707,561 worth of Visa Inc. (NYSE:V) was sold by MATSCHULLAT ROBERT W. Biggar Lynne sold $205,440 worth of stock. $1.08 million worth of Visa Inc. (NYSE:V) shares were sold by HOFFMEISTER JAMES H.

Visa Inc. (NYSE:V) Institutional Positions Chart

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