Ngam Advisors L.P. Buys 519,784 Shares of Telefonica Brasil SA (VIV)
Ngam Advisors L.P. increased its stake in shares of Telefonica Brasil SA (NYSE:VIV) by 694.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 594,620 shares of the company’s stock after buying an additional 519,784 shares during the period. Ngam Advisors L.P.’s holdings in Telefonica Brasil SA were worth $8,604,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Telefonica Brasil SA during the third quarter valued at about $183,000. Paloma Partners Management Co bought a new stake in shares of Telefonica Brasil SA during the second quarter valued at about $198,000. Fox Run Management L.L.C. bought a new stake in shares of Telefonica Brasil SA during the third quarter valued at about $224,000. Citigroup Inc. boosted its stake in shares of Telefonica Brasil SA by 41.2% in the second quarter. Citigroup Inc. now owns 15,764 shares of the company’s stock valued at $215,000 after buying an additional 4,600 shares during the period. Finally, Analytic Investors LLC bought a new stake in shares of Telefonica Brasil SA during the second quarter valued at about $286,000. Institutional investors and hedge funds own 10.03% of the company’s stock.
Telefonica Brasil SA (NYSE:VIV) traded up 0.15% during midday trading on Tuesday, reaching $13.05. The company’s stock had a trading volume of 659,079 shares. The company has a market cap of $22.04 billion, a PE ratio of 18.86 and a beta of 1.54. The stock has a 50-day moving average price of $13.60 and a 200 day moving average price of $13.68. Telefonica Brasil SA has a 12 month low of $7.72 and a 12 month high of $15.69.
Several brokerages recently issued reports on VIV. RBC Capital Markets reiterated an “underperform” rating on shares of Telefonica Brasil SA in a research note on Saturday, October 22nd. Zacks Investment Research cut Telefonica Brasil SA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, Credit Suisse Group AG upgraded Telefonica Brasil SA from a “neutral” rating to an “outperform” rating in a research note on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.83.
Telefonica Brasil SA Company Profile
Telefonica Brasil SA is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB), Pay television, information technology and digital services (such as e-health, cloud and financial services).
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