Ngam Advisors L.P. cut its position in China Mobile Ltd. (NYSE:CHL) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,600 shares of the company’s stock after selling 3,572 shares during the period. Ngam Advisors L.P.’s holdings in China Mobile were worth $7,604,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Matthews International Capital Management LLC increased its position in China Mobile by 3.4% in the second quarter. Matthews International Capital Management LLC now owns 6,257,915 shares of the company’s stock valued at $362,333,000 after buying an additional 205,500 shares during the period. Harding Loevner LP increased its position in China Mobile by 3.0% in the third quarter. Harding Loevner LP now owns 4,074,672 shares of the company’s stock valued at $250,674,000 after buying an additional 119,157 shares during the period. FMR LLC increased its position in China Mobile by 20.9% in the second quarter. FMR LLC now owns 3,964,469 shares of the company’s stock valued at $229,543,000 after buying an additional 684,998 shares during the period. Cambiar Investors LLC increased its position in China Mobile by 32.5% in the third quarter. Cambiar Investors LLC now owns 3,945,655 shares of the company’s stock valued at $242,737,000 after buying an additional 967,624 shares during the period. Finally, Scharf Investments LLC increased its position in China Mobile by 5.4% in the second quarter. Scharf Investments LLC now owns 1,879,468 shares of the company’s stock valued at $108,821,000 after buying an additional 95,683 shares during the period. 1.88% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for China Mobile (NYSE:CHL)

China Mobile Ltd. (NYSE:CHL) traded up 0.764% during midday trading on Wednesday, hitting $54.705. The stock had a trading volume of 448,470 shares. China Mobile Ltd. has a 12 month low of $50.12 and a 12 month high of $63.89. The stock has a market cap of $224.02 billion, a price-to-earnings ratio of 13.885 and a beta of 0.51. The stock has a 50 day moving average of $57.14 and a 200 day moving average of $58.98.

COPYRIGHT VIOLATION WARNING: “China Mobile Ltd. (CHL) Shares Sold by Ngam Advisors L.P.” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/30/china-mobile-ltd-chl-shares-sold-by-ngam-advisors-l-p.html.

Several equities analysts recently weighed in on CHL shares. Deutsche Bank AG upgraded China Mobile from a “hold” rating to a “buy” rating in a research report on Monday, November 14th. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Tuesday, October 11th. Goldman Sachs Group Inc. downgraded China Mobile from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, August 10th. Finally, Sanford C. Bernstein downgraded China Mobile from an “outperform” rating to a “market perform” rating in a research 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.

5 Day Chart for NYSE:CHL

Receive News & Stock Ratings for China Mobile Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile Ltd. and related stocks with our FREE daily email newsletter.