Robeco Institutional Asset Management B.V. Has $114.70 Million Position in Telefônica Brasil S.A. (NYSE:VIV)

Robeco Institutional Asset Management B.V. increased its holdings in Telefônica Brasil S.A. (NYSE:VIV) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,192,635 shares of the Wireless communications provider’s stock after buying an additional 1,053,218 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Telefônica Brasil were worth $114,704,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC grew its stake in Telefônica Brasil by 5.9% during the third quarter. Bleakley Financial Group LLC now owns 19,539 shares of the Wireless communications provider’s stock worth $201,000 after buying an additional 1,080 shares during the last quarter. Quantinno Capital Management LP grew its stake in Telefônica Brasil by 3.5% during the third quarter. Quantinno Capital Management LP now owns 33,370 shares of the Wireless communications provider’s stock worth $343,000 after buying an additional 1,136 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Telefônica Brasil by 5.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 23,708 shares of the Wireless communications provider’s stock worth $243,000 after buying an additional 1,236 shares during the last quarter. GAMMA Investing LLC grew its stake in Telefônica Brasil by 67.8% during the fourth quarter. GAMMA Investing LLC now owns 3,818 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 1,543 shares during the last quarter. Finally, DGS Capital Management LLC grew its stake in Telefônica Brasil by 3.1% during the third quarter. DGS Capital Management LLC now owns 65,781 shares of the Wireless communications provider’s stock worth $676,000 after buying an additional 1,984 shares during the last quarter. Institutional investors and hedge funds own 5.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on VIV. The Goldman Sachs Group decreased their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Barclays increased their price target on shares of Telefônica Brasil from $11.50 to $11.80 and gave the company an “equal weight” rating in a research note on Monday, November 25th. New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Telefônica Brasil has an average rating of “Moderate Buy” and a consensus target price of $10.47.

Telefônica Brasil Price Performance

VIV opened at $8.75 on Wednesday. The company’s 50 day simple moving average is $8.17 and its 200-day simple moving average is $8.95. Telefônica Brasil S.A. has a one year low of $7.47 and a one year high of $11.43. The stock has a market capitalization of $14.45 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.91.

Telefônica Brasil (NYSE:VIV) last announced its quarterly earnings data on Tuesday, November 5th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. Telefônica Brasil had a net margin of 9.78% and a return on equity of 7.77%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business posted $0.18 earnings per share. Sell-side analysts anticipate that Telefônica Brasil S.A. will post 0.6 earnings per share for the current fiscal year.

Telefônica 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.