Telefonica Brasil S.A. (NYSE:VIV) Shares Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lifted its position in Telefonica Brasil S.A. (NYSE:VIV - Free Report) by 64.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,812 shares of the Wireless communications provider's stock after acquiring an additional 29,308 shares during the quarter. Schechter Investment Advisors LLC's holdings in Telefonica Brasil were worth $652,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VIV. Raymond James Financial Inc. purchased a new stake in shares of Telefonica Brasil during the fourth quarter worth about $403,000. Banco BTG Pactual S.A. acquired a new position in Telefonica Brasil in the fourth quarter valued at approximately $237,000. Sei Investments Co. lifted its holdings in Telefonica Brasil by 67.6% in the fourth quarter. Sei Investments Co. now owns 912,148 shares of the Wireless communications provider's stock valued at $6,887,000 after acquiring an additional 367,975 shares during the period. Renaissance Technologies LLC lifted its position in shares of Telefonica Brasil by 3.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,078,200 shares of the Wireless communications provider's stock valued at $15,690,000 after buying an additional 78,200 shares in the last quarter. Finally, Summit Global Investments increased its holdings in Telefonica Brasil by 1.1% in the 4th quarter. Summit Global Investments now owns 137,909 shares of the Wireless communications provider's stock worth $1,041,000 after acquiring an additional 1,506 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company's stock.

Telefonica Brasil Trading Up 0.5%

Telefonica Brasil stock traded up $0.06 during midday trading on Wednesday, reaching $11.23. 1,220,660 shares of the stock traded hands, compared to its average volume of 1,093,077. The company has a 50-day simple moving average of $10.60 and a two-hundred day simple moving average of $14.00. 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 cap of $18.55 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 0.97 and a beta of 0.75. 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 posted its quarterly earnings results on Monday, May 12th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $14.41 billion. Telefonica Brasil had a net margin of 10.07% and a return on equity of 8.09%. Research analysts expect that Telefonica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VIV has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price target on shares of Telefonica Brasil from $9.20 to $10.30 and gave the stock a "buy" rating in a report on Wednesday, April 30th. 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. Finally, Wall Street Zen cut Telefonica Brasil from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Telefonica Brasil currently has an average rating of "Hold" and an average price target of $13.73.

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.