Schechter Investment Advisors LLC Grows Stock Holdings in Telefonica Brasil S.A. (NYSE:VIV)

Schechter Investment Advisors LLC lifted its holdings in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 64.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,812 shares of the Wireless communications provider's stock after acquiring an additional 29,308 shares during the period. Schechter Investment Advisors LLC's holdings in Telefonica Brasil were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in VIV. Bank of New York Mellon Corp bought a new stake in Telefonica Brasil during the fourth quarter worth $81,000. Raymond James Financial Inc. bought a new position in shares of Telefonica Brasil in the fourth quarter valued at approximately $403,000. Natixis Advisors LLC grew its holdings in shares of Telefonica Brasil by 3.2% in the fourth quarter. Natixis Advisors LLC now owns 88,571 shares of the Wireless communications provider's stock valued at $669,000 after acquiring an additional 2,784 shares in the last quarter. Summit Global Investments grew its holdings in shares of Telefonica Brasil by 1.1% in the fourth quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider's stock valued at $1,041,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Telefonica Brasil by 164.1% in the fourth quarter. Quantbot Technologies LP now owns 67,600 shares of the Wireless communications provider's stock valued at $510,000 after acquiring an additional 42,001 shares in the last quarter. 5.16% of the stock is owned by institutional investors.

Telefonica Brasil Stock Performance

NYSE VIV traded down $0.16 on Friday, hitting $11.09. 1,051,158 shares of the stock traded hands, compared to its average volume of 1,095,117. The business's fifty day moving average is $10.63 and its two-hundred day moving average is $13.98. Telefonica Brasil S.A. has a 12 month low of $7.47 and a 12 month high of $11.96. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 0.97 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.92 and a current ratio of 0.96.

Telefonica Brasil (NYSE:VIV - Get Free Report) last posted its earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). Telefonica Brasil had a return on equity of 8.09% and a net margin of 10.07%. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $14.41 billion. As a group, equities analysts anticipate that Telefonica Brasil S.A. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

VIV has been the subject of several recent analyst reports. Barclays upped their target price on Telefonica Brasil from $11.50 to $12.50 and gave the company an "overweight" rating in a report on Monday. The Goldman Sachs Group upped their target price on Telefonica Brasil from $9.20 to $10.30 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen lowered Telefonica Brasil from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Telefonica Brasil presently has an average rating of "Hold" and an average target price of $13.73.

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.