In this article, we will take a look at the 5 best stocks to buy now according to billionaire Chris Hohn. To see more such companies, go directly to 10 Best Stocks To Buy Now According To Billionaire Chris Hohn.
5. Visa Inc. (NYSE:V)
Number of Hedge Fund Holders: 177
Billionaire Chris Hohn is a notable stakeholder of payments giant Visa Inc. (NYSE:V), as his hedge fund ended the fourth quarter with over $4.1 billion stake in the company. Visa Inc. (NYSE:V) accounts for about 13.83% of the hedge fund’s total portfolio.
Baron FinTech Fund made the following comment about Visa Inc. (NYSE:V) in its Q4 2022 investor letter:
“Shares of global payment network Visa Inc. (NYSE:V) increased after reporting strong quarterly results, with 19% growth in revenue and EPS despite currency headwinds and the suspension of operations in Russia. Payment volume grew 16% in local currency (excluding Russia and China) with notable strength in cross-border volumes driven by rebounding international travel. Management also provided encouraging guidance for the next fiscal year. We continue to own the stock due to Visa’s long runway for growth and significant competitive advantages.”
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Author Of this post: Fahad Saleem
Title Of post: 5 Best Stocks To Buy Now According To Billionaire Chris Hohn
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