Kapitalo Investimentos Ltda Buys Shares of 209,476 Telefonica Brasil S.A. $VIV

Key Points

• Kapitalo Investimentos Ltda acquired 209,476 shares in Telefonica Brasil S.A. during Q2, valued at approximately $2.39 million, making it the firm's 28th largest position.
• Wall Street analysts have issued mixed ratings for Telefonica Brasil, with target prices ranging from $11.40 to $13.00, indicating a cautious optimism for the stock's future performance.
• Telefonica Brasil recently reported earnings of $0.15 per share, slightly below analysts' expectations, with a revenue of $2.62 billion versus a consensus estimate of $14.48 billion.

Kapitalo Investimentos Ltda acquired a new position in shares of Telefonica Brasil S.A. (NYSE:VIV - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 209,476 shares of the Wireless communications provider's stock, valued at approximately $2,388,000. Telefonica Brasil comprises 0.5% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VIV. Northern Trust Corp grew its stake in Telefonica Brasil by 40.0% in the 4th quarter. Northern Trust Corp now owns 244,756 shares of the Wireless communications provider's stock valued at $1,848,000 after acquiring an additional 69,946 shares during the period. BNP Paribas Financial Markets acquired a new position in Telefonica Brasil during the 4th quarter worth approximately $503,000. Cetera Investment Advisers raised its holdings in Telefonica Brasil by 9.7% during the fourth quarter. Cetera Investment Advisers now owns 30,650 shares of the Wireless communications provider's stock worth $231,000 after purchasing an additional 2,703 shares in the last quarter. Millennium Management LLC lifted its stake in Telefonica Brasil by 283.2% in the fourth quarter. Millennium Management LLC now owns 592,234 shares of the Wireless communications provider's stock valued at $4,471,000 after buying an additional 437,678 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in Telefonica Brasil by 56.8% during the 4th quarter. Quantinno Capital Management LP now owns 52,325 shares of the Wireless communications provider's stock worth $395,000 after acquiring an additional 18,955 shares during the period. Institutional investors and hedge funds own 5.16% of the company's stock.

Telefonica Brasil Price Performance

VIV stock traded down $0.08 during midday trading on Monday, reaching $12.54. The company had a trading volume of 485,817 shares, compared to its average volume of 652,888. The stock has a 50 day moving average price of $12.02 and a 200-day moving average price of $12.33. The company has a market capitalization of $20.39 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 0.86 and a beta of 0.81. Telefonica Brasil S.A. has a 1-year low of $7.47 and a 1-year high of $12.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.98 and a quick ratio of 0.95.

Telefonica Brasil (NYSE:VIV - Get Free Report) last released its earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.01). Telefonica Brasil had a net margin of 10.13% and a return on equity of 8.32%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $14.48 billion. Equities research analysts expect that Telefonica Brasil S.A. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. restated an "underweight" rating on shares of Telefonica Brasil in a research report on Friday, August 8th. Wall Street Zen raised Telefonica Brasil from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Citigroup initiated coverage on shares of Telefonica Brasil in a report on Wednesday, September 10th. They set a "neutral" rating for the company. Zacks Research lowered shares of Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of Telefonica Brasil from $11.40 to $12.60 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $12.70.

Telefonica Brasil 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.