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V

LONGINSIDER SELL

VISA INC

Funds
8
Score
10.25
vs SPY
-8.1%
Stock return (since Q-end)
+8.2%
SPY return (since Q-end)
+16.3%
Current price
$326.36

News Summary

Positive

Visa delivered a strong Q2 FY2026 earnings beat with 17% YoY revenue growth, 20% EPS growth, and expanded 54% profit margins, while aggressively returning $9.2B to shareholders and raising full-year guidance. However, significant headwinds include an ongoing DOJ antitrust lawsuit with aggressive discovery phases through 2027, a blocked Mexico acquisition due to regulatory concerns, potential interchange fee compression from reintroduced Credit Card Competition Act, and international regulatory pressure on cross-border fees and data sovereignty.

Red flags

  • DOJ antitrust lawsuit alleging monopolization of U.S. debit networks with fact discovery through October 2026 and expert discovery through April 2027
  • Prosa Mexico acquisition blocked by regulators citing competition and data concerns, signaling increased M&A regulatory scrutiny
  • Credit Card Competition Act reintroduced in January 2026, potentially forcing alternative routing and compressing interchange fees
  • International regulatory pressure including PSD3 in Europe, UK PSR rulings tightening cross-border fees, and data sovereignty requirements in EU and India
  • UBS lowered price target from $425 to $390 on April 1, 2026

Funds Buying (8)

FundManagerShares Held∆ SharesPosition ValueQoQStatus
TCI Fund ManagementChris Hohn30.5M+30.5M$9208.7BNEW
Viking GlobalAndreas Halvorsen6.3M+2.3M$1912.6B+59%Existing
ValueAct HoldingsMason Morfit2.3M+598K$700.1B+35%Existing
Maverick CapitalLee Ainslie807K+30K$243.9B+4%Existing
Point72Steve Cohen759K+759K$229.4BNEW
Coatue ManagementPhilippe Laffont719K+719K$217.2BNEW
Lone Pine CapitalSteve Mandel93K+78K$28.0B+510%Existing
Baupost GroupSeth Klarman701K+701K$212MNEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.

Insider Activity

NameTitleTypeSharesPriceValueFiled
Suh ChrisCHIEF FINANCIAL OFFICERSELL11K$324.81$3.46M2026-05-12
MCINERNEY RYANChief Executive OfficerSELL31K$340.14$10.70M2026-04-29