Telefonica Brasil S.A. (NYSE:VIV) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its holdings in shares of Telefonica Brasil S.A. (NYSE:VIV) by 69.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,951 shares of the Wireless communications provider’s stock after selling 36,902 shares during the quarter. XTX Topco Ltd’s holdings in Telefonica Brasil were worth $139,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of VIV. Robeco Institutional Asset Management B.V. grew its position in shares of Telefonica Brasil by 2.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider’s stock worth $136,151,000 after acquiring an additional 420,973 shares in the last quarter. Barclays PLC grew its position in shares of Telefonica Brasil by 2.6% in the 4th quarter. Barclays PLC now owns 1,275,565 shares of the Wireless communications provider’s stock worth $9,630,000 after acquiring an additional 31,820 shares in the last quarter. Invesco Ltd. grew its position in shares of Telefonica Brasil by 0.9% in the 4th quarter. Invesco Ltd. now owns 1,059,679 shares of the Wireless communications provider’s stock worth $8,001,000 after acquiring an additional 9,230 shares in the last quarter. First Trust Advisors LP grew its position in shares of Telefonica Brasil by 2.9% in the 4th quarter. First Trust Advisors LP now owns 688,793 shares of the Wireless communications provider’s stock worth $5,200,000 after acquiring an additional 19,411 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Telefonica Brasil by 151.9% in the 4th quarter. Two Sigma Investments LP now owns 686,792 shares of the Wireless communications provider’s stock worth $5,185,000 after acquiring an additional 414,193 shares in the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefonica Brasil Stock Up 1.0%

Shares of Telefonica Brasil stock opened at $12.30 on Friday. The business’s fifty day moving average price is $11.26 and its two-hundred day moving average price is $13.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.92. The company has a market capitalization of $20.00 billion, a P/E ratio of 19.83, a PEG ratio of 0.83 and a beta of 0.71. Telefonica Brasil S.A. has a 1-year low of $7.47 and a 1-year high of $12.45.

Telefonica Brasil (NYSE:VIV) last announced its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $14.48 billion. Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. As a group, research analysts forecast that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on VIV shares. Scotiabank lifted their target price on Telefonica Brasil from $8.80 to $12.50 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. The Goldman Sachs Group raised their price target on Telefonica Brasil from $9.20 to $10.30 and gave the stock a “buy” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Telefonica Brasil in a report on Friday, August 8th. Barclays reissued an “overweight” rating and issued a $13.00 price target (up previously from $12.50) on shares of Telefonica Brasil in a report on Thursday, August 7th. Finally, Wall Street Zen downgraded Telefonica Brasil from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.93.

Telefonica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.