China Mobile Ltd. (CHL) Shares Bought by Harding Loevner LP
Harding Loevner LP raised its stake in shares of China Mobile Ltd. (NYSE:CHL) by 3.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,074,672 shares of the company’s stock after buying an additional 119,157 shares during the period. China Mobile comprises 1.8% of Harding Loevner LP’s portfolio, making the stock its 21st largest position. Harding Loevner LP owned approximately 0.10% of China Mobile worth $250,674,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in China Mobile during the second quarter valued at about $111,000. Tower Research Capital LLC TRC raised its stake in China Mobile by 14.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company’s stock valued at $122,000 after buying an additional 260 shares in the last quarter. Signaturefd LLC raised its stake in China Mobile by 1,873.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the company’s stock valued at $129,000 after buying an additional 2,117 shares in the last quarter. Flow Traders U.S. LLC raised its stake in China Mobile by 1,868.8% in the second quarter. Flow Traders U.S. LLC now owns 3,465 shares of the company’s stock valued at $201,000 after buying an additional 3,289 shares in the last quarter. Finally, Rothschild Investment Corp IL bought a new stake in China Mobile during the second quarter valued at approximately $218,000. 1.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of China Mobile Ltd. (NYSE:CHL) traded down 0.18% on Friday, hitting $54.29. The stock had a trading volume of 631,680 shares. The company has a market cap of $222.32 billion, a P/E ratio of 13.52 and a beta of 0.51. The company’s 50 day moving average price is $58.64 and its 200-day moving average price is $59.00. China Mobile Ltd. has a 12 month low of $50.12 and a 12 month high of $63.89.
CHL has been the topic of several analyst reports. Zacks Investment Research downgraded China Mobile from a “hold” rating to a “sell” rating in a report on Friday, October 21st. Goldman Sachs Group Inc. downgraded China Mobile from a “buy” rating to a “neutral” rating in a report on Thursday, September 22nd. Deutsche Bank AG raised China Mobile from a “hold” rating to a “buy” rating in a report on Monday. Finally, Sanford C. Bernstein downgraded China Mobile from an “outperform” rating to a “market perform” rating in a report on Thursday, October 27th.
China Mobile Company Profile
China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses and Wireline Broadband businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.
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