Vident Advisory LLC Acquires 130,948 Shares of Telefonica SA $TEF

Key Points

• Vident Advisory LLC increased its stake in Telefonica SA by 56.7% in Q1, owning a total of 361,867 shares valued at approximately $1.69 million.
• Telefonica reported a quarterly earnings per share of $0.08, matching analysts' expectations, with revenue of $10.28 billion, exceeding estimates of $9.03 billion.
• Analyst ratings for Telefonica are mixed, with one firm upgrading the stock to "buy," while others maintain "hold" or "sell" ratings, reflecting varying confidence in its performance.

Vident Advisory LLC raised its holdings in Telefonica SA (NYSE:TEF - Free Report) by 56.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,867 shares of the utilities provider's stock after buying an additional 130,948 shares during the period. Vident Advisory LLC's holdings in Telefonica were worth $1,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TEF. Envestnet Asset Management Inc. raised its stake in Telefonica by 15.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 44,151 shares of the utilities provider's stock valued at $177,000 after buying an additional 6,059 shares during the period. Tower Research Capital LLC TRC raised its stake in Telefonica by 71.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock valued at $25,000 after buying an additional 2,603 shares during the period. Stifel Financial Corp raised its stake in Telefonica by 0.5% in the fourth quarter. Stifel Financial Corp now owns 464,198 shares of the utilities provider's stock valued at $1,866,000 after buying an additional 2,478 shares during the period. Northern Trust Corp raised its stake in Telefonica by 30.7% in the fourth quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider's stock valued at $14,563,000 after buying an additional 851,581 shares during the period. Finally, Jane Street Group LLC raised its stake in Telefonica by 383.8% in the fourth quarter. Jane Street Group LLC now owns 159,448 shares of the utilities provider's stock valued at $641,000 after buying an additional 126,489 shares during the period. Institutional investors own 1.14% of the company's stock.

Telefonica Price Performance

Telefonica stock traded up $0.06 during mid-day trading on Friday, reaching $5.35. 286,673 shares of the company were exchanged, compared to its average volume of 611,502. The company has a fifty day simple moving average of $5.34 and a 200-day simple moving average of $5.03. Telefonica SA has a 12 month low of $3.89 and a 12 month high of $5.72. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.85 and a quick ratio of 0.81. The firm has a market cap of $30.31 billion, a PE ratio of -11.14, a PEG ratio of 0.61 and a beta of 0.56.

Telefonica (NYSE:TEF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%.The firm had revenue of $10.28 billion for the quarter, compared to analyst estimates of $9.03 billion. As a group, equities research analysts expect that Telefonica SA will post 0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TEF. Wall Street Zen upgraded Telefonica from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. DZ Bank cut Telefonica from a "hold" rating to a "strong sell" rating in a report on Friday, May 16th. Finally, Berenberg Bank raised Telefonica to a "hold" rating in a report on Thursday, June 26th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Telefonica has an average rating of "Reduce".

About Telefonica

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.