Jane Street Group LLC Grows Position in PLDT Inc. (NYSE:PHI)

Jane Street Group LLC boosted its position in PLDT Inc. (NYSE:PHI - Free Report) by 199.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,632 shares of the technology company's stock after purchasing an additional 15,752 shares during the period. Jane Street Group LLC's holdings in PLDT were worth $523,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PHI. Invesco Ltd. increased its position in PLDT by 19.8% in the fourth quarter. Invesco Ltd. now owns 1,536,883 shares of the technology company's stock worth $34,042,000 after buying an additional 254,110 shares in the last quarter. Northern Trust Corp raised its stake in PLDT by 1,189.5% during the 4th quarter. Northern Trust Corp now owns 138,992 shares of the technology company's stock worth $3,079,000 after acquiring an additional 128,213 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in PLDT by 40.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,316 shares of the technology company's stock valued at $2,510,000 after purchasing an additional 32,791 shares in the last quarter. American Century Companies Inc. lifted its holdings in PLDT by 13.8% during the fourth quarter. American Century Companies Inc. now owns 110,252 shares of the technology company's stock valued at $2,442,000 after purchasing an additional 13,406 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of PLDT by 655.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 105,364 shares of the technology company's stock valued at $2,334,000 after purchasing an additional 91,418 shares during the period. 2.26% of the stock is currently owned by institutional investors.

PLDT Price Performance

Shares of PLDT stock traded down $0.55 on Friday, hitting $22.40. 102,294 shares of the company traded hands, compared to its average volume of 53,879. PLDT Inc. has a 52 week low of $20.29 and a 52 week high of $29.05. The business has a 50-day simple moving average of $22.76 and a 200 day simple moving average of $22.79. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.34. The stock has a market capitalization of $4.84 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 1.14 and a beta of 0.76.

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 the consensus estimate of $0.73 by ($0.02). The company had revenue of $991.52 million for the quarter. PLDT had a net margin of 12.34% and a return on equity of 22.11%. Research analysts expect that PLDT Inc. will post 2.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

PLDT Profile

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.