Atomi Financial Group Inc. Has $123,000 Stock Holdings in Telefônica Brasil S.A. (NYSE:VIV)

Atomi Financial Group Inc. reduced its position in shares of Telefônica Brasil S.A. (NYSE:VIV) by 13.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,283 shares of the Wireless communications provider’s stock after selling 2,590 shares during the period. Atomi Financial Group Inc.’s holdings in Telefônica Brasil were worth $123,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VIV. Dimensional Fund Advisors LP lifted its position in Telefônica Brasil by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 393,618 shares of the Wireless communications provider’s stock worth $3,238,000 after acquiring an additional 5,983 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Telefônica Brasil by 23.8% in the second quarter. Hsbc Holdings PLC now owns 66,466 shares of the Wireless communications provider’s stock worth $545,000 after purchasing an additional 12,798 shares during the period. Sei Investments Co. lifted its position in shares of Telefônica Brasil by 12.9% during the 2nd quarter. Sei Investments Co. now owns 710,107 shares of the Wireless communications provider’s stock worth $5,830,000 after purchasing an additional 81,229 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Telefônica Brasil by 9.8% during the 2nd quarter. Bank of Montreal Can now owns 45,587 shares of the Wireless communications provider’s stock worth $380,000 after purchasing an additional 4,078 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Telefônica Brasil during the 2nd quarter valued at approximately $165,000. 5.16% of the stock is owned by institutional investors.

Telefônica Brasil Stock Up 4.2 %

VIV opened at $8.86 on Tuesday. The company has a market capitalization of $14.63 billion, a P/E ratio of 14.06, a P/E/G 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. The firm’s fifty day moving average price is $8.17 and its two-hundred day moving average price is $8.95. Telefônica Brasil S.A. has a fifty-two week low of $7.47 and a fifty-two week high of $11.43.

Telefônica Brasil (NYSE:VIV) last issued its earnings results 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 previous year, the business earned $0.18 EPS. On average, analysts anticipate that Telefônica Brasil S.A. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays upped their price target on Telefônica Brasil from $11.50 to $11.80 and gave the stock an “equal weight” rating in a report on Monday, November 25th. StockNews.com raised shares of Telefônica Brasil from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 9th. The Goldman Sachs Group dropped their price objective on shares of Telefônica Brasil from $10.60 to $9.20 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, New Street Research cut shares of Telefônica Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.47.

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.