Waterfront Wealth Inc. Increases Stock Holdings in Orange S.A. (NYSE:ORAN)

Waterfront Wealth Inc. lifted its position in shares of Orange S.A. (NYSE:ORAN) by 1.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 158,385 shares of the technology company’s stock after acquiring an additional 2,624 shares during the period. Waterfront Wealth Inc.’s holdings in Orange were worth $1,582,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORAN. Brandes Investment Partners LP grew its position in shares of Orange by 60.7% in the fourth quarter. Brandes Investment Partners LP now owns 1,642,782 shares of the technology company’s stock valued at $18,777,000 after purchasing an additional 620,438 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in Orange during the 1st quarter valued at $3,132,000. Thornburg Investment Management Inc. increased its position in Orange by 20.6% during the first quarter. Thornburg Investment Management Inc. now owns 909,419 shares of the technology company’s stock worth $10,661,000 after buying an additional 155,549 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Orange during the second quarter valued at $1,411,000. Finally, Leo Wealth LLC purchased a new position in Orange in the 4th quarter valued at about $1,225,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ORAN shares. Sanford C. Bernstein assumed coverage on shares of Orange in a report on Friday, May 24th. They set an “outperform” rating for the company. StockNews.com raised shares of Orange from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Finally, New Street Research raised Orange to a “strong-buy” rating in a research note on Monday, July 8th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $13.08.

Orange Trading Down 1.0 %

Shares of ORAN traded down $0.12 during mid-day trading on Friday, hitting $11.45. The company had a trading volume of 375,259 shares, compared to its average volume of 338,638. Orange S.A. has a 1-year low of $9.82 and a 1-year high of $12.41. The business’s 50-day simple moving average is $10.95 and its 200-day simple moving average is $11.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.94 and a quick ratio of 0.91.

About Orange

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.