Here’s What a $362 Million Visa Stock Sale Signals for Long-Term Investors

Visa (NYSE:V) saw a major stake reduction by Los Angeles Capital Management, which sold 1 million shares for an estimated $361.9 million, per an SEC filing on October 20.According to an SEC filing on October 20, Los Angeles Capital Management reduced its position in Visa by 1 million shares during the third quarter. The sale was estimated at $361.9 million. The fund now holds 277,352 shares valued at $94.7 million as of September 30. In the previous quarter, Visa represented less than 1.8% of fund assets.This sale reduced Visa to 0.35% of Los Angeles Capital Management's 13F AUM as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool