Fitbit, Inc. (FIT) Reaches $7.49 52-Week High; Kensico Capital Management Has Lowered By $5.24 Million Its Visa (V) Position

June 13, 2018 - By Vivian Park

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The stock of Fitbit, Inc. (NYSE:FIT) hit a new 52-week high and has $7.86 target or 5.00% above today’s $7.49 share price. The 6 months bullish chart indicates low risk for the $1.81 billion company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $7.86 price target is reached, the company will be worth $90.35 million more. The stock decreased 1.32% or $0.1 during the last trading session, reaching $7.49. About 4.24M shares traded. Fitbit, Inc. (NYSE:FIT) has risen 2.23% since June 13, 2017 and is uptrending. It has underperformed by 10.34% the S&P500. Some Historical FIT News: ; 02/05/2018 – FITBIT SEES FY REV. $1.5B, EST. $1.48B; 13/03/2018 – Fitbit launches fitness tracker for children; 15/03/2018 – FITBIT INC – BROMBERG IS CURRENTLY CHIEF OPERATING OFFICER OF ZYNGA; 16/04/2018 – FITBIT INC – QUICK REPLIES TO MOBILE DEVICE MESSAGES AVAILABLE FOR ANDROID USERS IN MAY; 16/04/2018 – Fitbit Announces Global Availability of Fitbit Versa; 06/03/2018 – Lieff Cabraser Announces That New University Study Finds Fitbit Charge 2 Can Underestimate Heart Rates by As Much As 30 BPM; 13/03/2018 – NORDEA ROLLS OUT PAYMENT SOLUTION FOR FITBIT, GARMIN SMARTWATCH; 11/05/2018 – The Future of Fitbit: Finding Revenue Streams Outside of Hardware – ResearchAndMarkets.com; 02/05/2018 – FITBIT 1Q REV. $248M, EST. $247.4M; 13/03/2018 – Nordea: Nordea rolls out payment solution for Fitbit, Garmin smartwatches

Kensico Capital Management Corp decreased Visa Inc (V) stake by 1.28% reported in 2018Q1 SEC filing. Kensico Capital Management Corp sold 44,000 shares as Visa Inc (V)’s stock rose 5.37%. The Kensico Capital Management Corp holds 3.39M shares with $405.12M value, down from 3.43M last quarter. Visa Inc now has $303.01 billion valuation. The stock increased 0.32% or $0.425 during the last trading session, reaching $135.285. About 625,879 shares traded. Visa Inc. (NYSE:V) has risen 38.13% since June 13, 2017 and is uptrending. It has outperformed by 25.56% the S&P500. Some Historical V News: ; 12/03/2018 – Tillerson Lands in Chad to Show Support Despite Visa-Ban Dispute; 25/04/2018 – VISA INC QTRLY CROSS-BORDER VOLUME GROWTH, ON A CONSTANT-DOLLAR BASIS, WAS 11% FOR THE THREE MONTHS ENDED MARCH 31, 2018; 23/03/2018 – Two more top Visa executives have exited the company – under very different circumstances; 17/04/2018 – Anomali Partners with Visa to Offer Global Payment Breach Intelligence; 10/05/2018 – Congress Pressuring Homeland Security to Boost the Visa Supply Soon; 06/03/2018 – Yahoo! UK: Exclusive: Visa waivers rarely granted under Trump’s latest U.S. travel ban – letter; 16/05/2018 – Remarks by Commissioner Avramopoulos on managing migration and on upgrading the EU Visa Information System; 09/05/2018 – Women Execs at Visa Expected to Complain of ‘Bro’ Culture, Unequal Opportunity; 06/04/2018 – H-1B Visa Application Cap Hit Within First Week (Video); 24/05/2018 – Visa, Mastercard Dispute Those Limitations; Say Merchants Can Route to Network of Choice

Analysts await Fitbit, Inc. (NYSE:FIT) to report earnings on August, 1. They expect $-0.31 earnings per share, down 72.22% or $0.13 from last year’s $-0.18 per share. After $-0.27 actual earnings per share reported by Fitbit, Inc. for the previous quarter, Wall Street now forecasts 14.81% negative EPS growth.

Among 30 analysts covering Fitbit (NYSE:FIT), 6 have Buy rating, 4 Sell and 20 Hold. Therefore 20% are positive. Fitbit has $79 highest and $4 lowest target. $14.64’s average target is 95.46% above currents $7.49 stock price. Fitbit had 96 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Fitbit, Inc. (NYSE:FIT) earned “Equal-Weight” rating by Morgan Stanley on Thursday, November 3. RBC Capital Markets maintained Fitbit, Inc. (NYSE:FIT) on Wednesday, January 6 with “Outperform” rating. Oppenheimer maintained Fitbit, Inc. (NYSE:FIT) on Friday, May 5 with “Outperform” rating. The stock of Fitbit, Inc. (NYSE:FIT) earned “Underperform” rating by Bank of America on Thursday, May 3. The stock has “Buy” rating by Craig Hallum on Monday, April 30. On Monday, October 23 the stock rating was maintained by Cowen & Co with “Hold”. The stock of Fitbit, Inc. (NYSE:FIT) earned “Overweight” rating by Pacific Crest on Tuesday, September 15. The rating was maintained by Cowen & Co on Thursday, April 21 with “Market Perform”. The stock of Fitbit, Inc. (NYSE:FIT) has “Underweight” rating given on Thursday, November 3 by Piper Jaffray. Dougherty Co maintained the stock with “Neutral” rating in Wednesday, April 5 report.

Fitbit, Inc. designs and sells connected health and fitness tracking devices. The company has market cap of $1.81 billion. The firm offers Fitbit Zip, an entry-level wireless activity tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; and Fitbit Flex 2, a water-resistant fitness wristband that tracks pool swims comprising laps, duration, and calories burned in the Fitbit App. It currently has negative earnings. It also provides Fitbit Alta, a customizable wristband that offers call, text, and calendar notifications when paired with the userÂ’s phone and SmartTrack automatic exercise recognition; Fitbit Charge 2, a wireless heart rate and activity wristband; Fitbit Blaze, a smart fitness watch that provides multi-sport functionality, tracks outdoor cycling activity, and run cues; and Fitbit Surge, a fitness watch that features a GPS watch, heart rate tracker, activity tracker, and smartwatch.

More notable recent Fitbit, Inc. (NYSE:FIT) news were published by: Seekingalpha.com which released: “Fitbit: Buy The Turnaround” on June 09, 2018, also Seekingalpha.com with their article: “Fitbit: Jump In Or Stay Clear?” published on June 07, 2018, Seekingalpha.com published: “Fitbit: Time To Sell Again?” on June 06, 2018. More interesting news about Fitbit, Inc. (NYSE:FIT) were released by: 247Wallst.com and their article: “Fitbit CEO Should Follow CFO Out the Door” published on June 06, 2018 as well as 247Wallst.com‘s news article titled: “Fitbit Ships Over 1 Million Versa Devices” with publication date: June 04, 2018.

Kensico Capital Management Corp increased Cardinal Health Inc (NYSE:CAH) stake by 740,000 shares to 1.03 million valued at $64.25M in 2018Q1. It also upped Sealed Air Corp New (NYSE:SEE) stake by 2.15M shares and now owns 4.39 million shares. Arconic Inc was raised too.

Since December 13, 2017, it had 0 buys, and 3 selling transactions for $6.34 million activity. $5.06M worth of Visa Inc. (NYSE:V) was sold by MCINERNEY RYAN. HOFFMEISTER JAMES H also sold $1.08M worth of Visa Inc. (NYSE:V) on Monday, April 30. 49,702 Visa Inc. (NYSE:V) shares with value of $5.65M were sold by MAHON TULLIER KELLY. Shares for $707,561 were sold by MATSCHULLAT ROBERT W. $205,440 worth of Visa Inc. (NYSE:V) was sold by Biggar Lynne.

Among 43 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Visa Inc. had 132 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained Visa Inc. (NYSE:V) rating on Friday, June 23. Cowen & Co has “Outperform” rating and $105 target. The firm has “Buy” rating by RBC Capital Markets given on Monday, August 21. The firm has “Buy” rating by Argus Research given on Friday, April 27. The company was maintained on Thursday, October 26 by BMO Capital Markets. Credit Suisse downgraded the stock to “Hold” rating in Tuesday, October 3 report. The firm earned “Buy” rating on Thursday, December 21 by Keefe Bruyette & Woods. The stock of Visa Inc. (NYSE:V) earned “Overweight” rating by KeyBanc Capital Markets on Friday, February 2. The firm has “Buy” rating by Instinet given on Friday, July 21. As per Tuesday, October 10, the company rating was upgraded by Wells Fargo. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, August 22.

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.17, from 1.05 in 2017Q4. It dived, as 41 investors sold V shares while 684 reduced holdings. 127 funds opened positions while 513 raised stakes. 1.57 billion shares or 2.35% less from 1.61 billion shares in 2017Q4 were reported. Harding Loevner Limited Partnership owns 0% invested in Visa Inc. (NYSE:V) for 260 shares. Connor Clark Lunn Investment Mgmt Ltd invested 0.37% in Visa Inc. (NYSE:V). Earnest Prtnrs Limited Liability Corporation reported 0% in Visa Inc. (NYSE:V). Minnesota-based White Pine Cap Ltd Liability has invested 0.98% in Visa Inc. (NYSE:V). Mycio Wealth Prns invested in 4,212 shares. Assetmark accumulated 4,339 shares. 26,533 are held by Karp Mngmt Corporation. Bp Plc stated it has 0.89% in Visa Inc. (NYSE:V). Motco owns 1,816 shares or 0.02% of their US portfolio. Clearbridge Invs Ltd Liability Co holds 1.22% or 10.79M shares. Caisse De Depot Et Placement Du Quebec stated it has 0.01% in Visa Inc. (NYSE:V). Gam Holdings Ag accumulated 34,959 shares. 143,708 were reported by Beaumont Partners Lc. Bainco stated it has 81,842 shares. Mutual Federation Of Agricultural Cooperatives has 47,600 shares for 0.09% of their portfolio.

More notable recent Visa Inc. (NYSE:V) news were published by: Fool.com which released: “Is Visa Inc. a Buy?” on June 07, 2018, also Investorplace.com with their article: “Starbucks (SBUX), Visa (V) Team Up on Prepaid Card” published on June 11, 2018, Finance.Yahoo.com published: “Stocks- Wall Street Mixed After US-North Korea Summit” on June 12, 2018. More interesting news about Visa Inc. (NYSE:V) were released by: Seekingalpha.com and their article: “Is It Too Late To Buy Visa Stock?” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Visa – A $140 Discount Cash Flow Valuation” with publication date: June 01, 2018.

Visa Inc. (NYSE:V) Institutional Positions Chart

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