The VICE CHAIRMAN & CRO of Visa Inc is Exercising Options

By Carrie Williams

Today it was reported that the VICE CHAIRMAN & CRO of Visa Inc (VResearch Report), Ellen Richey, exercised options to buy 61,432 V shares at $22.16 a share, for a total transaction value of $1.36M.

Following Ellen Richey’s last V Buy transaction on November 23, 2015, the stock climbed by 62.2%. This is Richey’s first Buy trade following 4 Sell transactions.

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Based on Visa Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $5.51 billion and quarterly net profit of $2.87 billion. In comparison, last year the company earned revenue of $4.86 billion and had a net profit of $2.43 billion. Currently, Visa Inc has an average volume of 7.6M. The Company has a Price to Book ratio of 10.8254.

Starting in December 2018, V received 11 Buy ratings in a row. Nine different firms, including Merrill Lynch and Cantor Fitzgerald, currently also have a Buy rating on the stock. Based on 10 analyst ratings, the analyst consensus is Strong Buy with an average price target of $160.43, reflecting a 13.9% upside.

The insider sentiment on Visa Inc has been negative according to 35 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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