Cubist Systematic Strategies LLC Has $677,000 Position in Telefonica Brasil S.A. $VIV

Key Points

• Cubist Systematic Strategies LLC increased its stake in Telefonica Brasil S.A. by 87.4% during the first quarter, now holding shares valued at $677,000.
• Several institutional investors also adjusted their positions, with Dimensional Fund Advisors LP and Northern Trust Corp increasing their stakes significantly in the fourth quarter.
• Recent analyst ratings show a consensus of Hold for Telefonica Brasil, with a price target range of $12.50 to $13.00 from various firms.

Cubist Systematic Strategies LLC grew its holdings in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 87.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,678 shares of the Wireless communications provider's stock after purchasing an additional 36,224 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Telefonica Brasil were worth $677,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. lifted its stake in shares of Telefonica Brasil by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider's stock valued at $136,151,000 after acquiring an additional 420,973 shares during the period. Aberdeen Group plc lifted its stake in shares of Telefonica Brasil by 4.2% during the first quarter. Aberdeen Group plc now owns 2,844,839 shares of the Wireless communications provider's stock valued at $24,807,000 after acquiring an additional 114,849 shares during the period. Invesco Ltd. lifted its stake in shares of Telefonica Brasil by 36.4% during the first quarter. Invesco Ltd. now owns 1,445,527 shares of the Wireless communications provider's stock valued at $12,605,000 after acquiring an additional 385,848 shares during the period. Two Sigma Investments LP lifted its stake in shares of Telefonica Brasil by 151.9% during the fourth quarter. Two Sigma Investments LP now owns 686,792 shares of the Wireless communications provider's stock valued at $5,185,000 after acquiring an additional 414,193 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Telefonica Brasil by 45.6% during the first quarter. Federated Hermes Inc. now owns 612,915 shares of the Wireless communications provider's stock valued at $5,345,000 after acquiring an additional 191,842 shares during the period. Institutional investors and hedge funds own 5.16% of the company's stock.

Telefonica Brasil Trading Up 1.6%

Shares of Telefonica Brasil stock traded up $0.21 during trading hours on Monday, hitting $12.68. The company's stock had a trading volume of 564,510 shares, compared to its average volume of 722,127. Telefonica Brasil S.A. has a 12 month low of $7.47 and a 12 month high of $12.92. The stock has a 50 day moving average of $11.90 and a 200 day moving average of $12.47. The company has a market capitalization of $20.62 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81. 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 announced its quarterly earnings results on Monday, July 28th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Telefonica Brasil had a return on equity of 8.32% and a net margin of 10.13%.The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $14.48 billion. Analysts predict that Telefonica Brasil S.A. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VIV. Wall Street Zen raised Telefonica Brasil from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Scotiabank upped their price target on Telefonica Brasil from $8.80 to $12.50 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. The Goldman Sachs Group upped their price target on Telefonica Brasil from $11.40 to $12.60 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Barclays reaffirmed 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, Citigroup began coverage on Telefonica Brasil in a report on Wednesday, September 10th. They issued a "neutral" rating for the company. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.70.

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.