Telefonica Brasil S.A. $VIV Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. increased its position in Telefonica Brasil S.A. (NYSE:VIV) by 19.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,176 shares of the Wireless communications provider’s stock after acquiring an additional 5,630 shares during the period. Bessemer Group Inc.’s holdings in Telefonica Brasil were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VIV. GAMMA Investing LLC lifted its stake in Telefonica Brasil by 145.5% in the 1st quarter. GAMMA Investing LLC now owns 9,375 shares of the Wireless communications provider’s stock valued at $82,000 after buying an additional 5,557 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Telefonica Brasil by 45.6% in the 1st quarter. Bank of New York Mellon Corp now owns 15,701 shares of the Wireless communications provider’s stock valued at $137,000 after buying an additional 4,914 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Telefonica Brasil by 16.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 449,213 shares of the Wireless communications provider’s stock valued at $3,917,000 after buying an additional 63,241 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its stake in Telefonica Brasil by 65.6% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 20,877 shares of the Wireless communications provider’s stock valued at $182,000 after buying an additional 8,268 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Telefonica Brasil by 25.1% in the 1st quarter. Cerity Partners LLC now owns 103,475 shares of the Wireless communications provider’s stock valued at $902,000 after buying an additional 20,769 shares in the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Telefonica Brasil Stock Down 5.7%

Shares of NYSE VIV opened at $11.91 on Monday. Telefonica Brasil S.A. has a 12-month low of $7.47 and a 12-month high of $12.97. The company has a market cap of $19.38 billion, a P/E ratio of 19.22, a P/E/G ratio of 0.87 and a beta of 0.77. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $12.40 and a 200 day moving average price of $11.33.

Telefonica Brasil (NYSE:VIV) last announced its earnings results on Thursday, October 30th. The Wireless communications provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $15.01 billion. Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%. Research analysts anticipate that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on VIV. Citigroup began coverage on Telefonica Brasil in a research note on Wednesday, September 10th. They set a “neutral” rating on the stock. Morgan Stanley set a $12.00 price target on Telefonica Brasil in a research note on Wednesday, October 8th. Weiss Ratings lowered Telefonica Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Barclays reissued an “overweight” rating and set a $13.00 price target (up previously from $12.50) on shares of Telefonica Brasil in a research note on Thursday, August 7th. Finally, Scotiabank increased their price target on Telefonica Brasil from $8.80 to $12.50 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.53.

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.