Telefonica Brasil S.A. (NYSE:VIV) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Telefonica Brasil S.A. by 65.2%, holding 146,356 shares valued at approximately $1.28 million.
• Various institutional investors, including JPMorgan Chase & Co. and Wells Fargo & Company MN, also expanded their positions in Telefonica Brasil during the fourth quarter, contributing to overall institutional ownership of 5.16%.
• Wall Street analysts have mixed ratings on Telefonica Brasil, with a consensus average rating of "Hold" and a target price of $11.93, while some analysts upgraded their price targets following recent earnings results.

Natixis Advisors LLC raised its position in shares of Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 65.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,356 shares of the Wireless communications provider's stock after acquiring an additional 57,785 shares during the quarter. Natixis Advisors LLC's holdings in Telefonica Brasil were worth $1,276,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Millennium Management LLC increased its holdings in shares of 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 purchasing an additional 437,678 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Telefonica Brasil by 2.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 15,613,608 shares of the Wireless communications provider's stock worth $136,151,000 after acquiring an additional 420,973 shares during the period. Two Sigma Investments LP grew its position in Telefonica Brasil by 151.9% in the fourth quarter. Two Sigma Investments LP now owns 686,792 shares of the Wireless communications provider's stock worth $5,185,000 after acquiring an additional 414,193 shares during the period. Walleye Capital LLC purchased a new position in Telefonica Brasil in the fourth quarter worth approximately $2,749,000. Finally, Lesa Sroufe & Co purchased a new position in Telefonica Brasil in the first quarter worth approximately $1,874,000. Institutional investors and hedge funds own 5.16% of the company's stock.

Telefonica Brasil Stock Up 0.6%

NYSE:VIV traded up $0.08 during midday trading on Thursday, reaching $12.25. The company had a trading volume of 611,499 shares, compared to its average volume of 1,331,421. The firm has a market capitalization of $19.92 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.83 and a beta of 0.71. The stock's fifty day simple moving average is $11.22 and its 200-day simple moving average is $13.41. Telefonica Brasil S.A. has a 12-month low of $7.47 and a 12-month high of $12.45. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.20.

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 (EPS) 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 8.26%. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $14.48 billion. On average, sell-side analysts anticipate that Telefonica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on VIV. JPMorgan Chase & Co. restated an "underweight" rating on shares of Telefonica Brasil in a research report on Friday, August 8th. The Goldman Sachs Group raised their price target on Telefonica Brasil from $9.20 to $10.30 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Barclays restated an "overweight" rating and set a $13.00 price target (up from $12.50) on shares of Telefonica Brasil in a research report on Thursday, August 7th. Scotiabank raised their price target on 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, Wall Street Zen lowered Telefonica Brasil from a "buy" rating to a "hold" rating in a research report on Sunday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Telefonica Brasil presently has a consensus rating of "Hold" and an average price target of $11.93.

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.