Jane Street Group LLC Buys 15,752 Shares of PLDT Inc. (NYSE:PHI)

Jane Street Group LLC raised its holdings in shares of PLDT Inc. (NYSE:PHI - Free Report) by 199.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,632 shares of the technology company's stock after acquiring an additional 15,752 shares during the quarter. Jane Street Group LLC's holdings in PLDT were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of PLDT by 6.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,842 shares of the technology company's stock worth $284,000 after acquiring an additional 807 shares in the last quarter. Signaturefd LLC raised its position in PLDT by 8.3% during the fourth quarter. Signaturefd LLC now owns 15,219 shares of the technology company's stock worth $337,000 after acquiring an additional 1,172 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in PLDT by 12.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,629 shares of the technology company's stock worth $258,000 after acquiring an additional 1,310 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in PLDT in the fourth quarter valued at $49,000. Finally, Corient Private Wealth LLC grew its position in shares of PLDT by 20.5% in the 4th quarter. Corient Private Wealth LLC now owns 18,542 shares of the technology company's stock valued at $411,000 after acquiring an additional 3,149 shares during the period. 2.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of PLDT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

PLDT Stock Performance

PLDT stock traded down $0.08 during midday trading on Monday, hitting $22.34. The company's stock had a trading volume of 72,677 shares, compared to its average volume of 53,954. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.34 and a quick ratio of 0.32. PLDT Inc. has a 1-year low of $20.29 and a 1-year high of $29.05. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.14 and a beta of 0.76. The company has a 50-day moving average price of $22.76 and a two-hundred day moving average price of $22.80.

PLDT (NYSE:PHI - Get Free Report) last posted its earnings results on Thursday, May 15th. The technology company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.02). The business had revenue of $991.52 million for the quarter. PLDT had a return on equity of 22.11% and a net margin of 12.34%. As a group, sell-side analysts predict that PLDT Inc. will post 2.76 earnings per share for the current year.

About PLDT

PLDT Inc provides telecommunications and digital services in the Philippines. The company operates through three segments: Wireless, Fixed Line, and Others. It offers cellular mobile, Internet broadband distribution, operations support, software development, and satellite information and messaging services; and sells Wi-Fi access equipment.