37,156 Shares in Telefonica Brasil S.A. $VIV Bought by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC acquired 37,156 shares of Telefonica Brasil S.A. valued at approximately $424,000, marking a significant institutional investment in the company.
• Several other institutional investors have also increased their stakes in Telefonica Brasil, with Rhumbline Advisers boosting their holdings by 337.7% in the first quarter.
• Analysts have mixed ratings on Telefonica Brasil, with a consensus rating of "Hold" and a price target range from $12.00 to $12.53.

Sequoia Financial Advisors LLC bought a new position in shares of Telefonica Brasil S.A. (NYSE:VIV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,156 shares of the Wireless communications provider's stock, valued at approximately $424,000.

Several other large investors have also added to or reduced their stakes in VIV. Rhumbline Advisers boosted its holdings in Telefonica Brasil by 337.7% during the first quarter. Rhumbline Advisers now owns 4,233 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 3,266 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Telefonica Brasil by 145.5% during the first quarter. GAMMA Investing LLC now owns 9,375 shares of the Wireless communications provider's stock worth $82,000 after purchasing an additional 5,557 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Telefonica Brasil by 80.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 39,345 shares of the Wireless communications provider's stock worth $343,000 after purchasing an additional 17,529 shares during the last quarter. Wealthquest Corp acquired a new position in Telefonica Brasil during the first quarter worth $156,000. Finally, Bessemer Group Inc. boosted its holdings in Telefonica Brasil by 8.8% during the first quarter. Bessemer Group Inc. now owns 28,546 shares of the Wireless communications provider's stock worth $249,000 after purchasing an additional 2,301 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on VIV shares. Citigroup started coverage on shares of Telefonica Brasil in a research report on Wednesday, September 10th. They set a "neutral" rating on the stock. Zacks Research lowered shares of Telefonica Brasil from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Weiss Ratings raised shares of Telefonica Brasil from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Scotiabank upped their price target on shares of Telefonica Brasil from $8.80 to $12.50 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley set a $12.00 price target on shares of Telefonica Brasil in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.53.

Telefonica Brasil Price Performance

Shares of VIV opened at $12.23 on Tuesday. The firm has a market capitalization of $19.89 billion, a PE ratio of 19.73, a PEG ratio of 0.83 and a beta of 0.77. The company's 50-day moving average is $12.37 and its 200-day moving average is $11.59. Telefonica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week 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 issued its quarterly earnings data 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 company had revenue of $2.62 billion during 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%. Equities analysts forecast that Telefonica Brasil S.A. will post 0.6 EPS for the current year.

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.

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